Edinburgh, Indiana Real Estate & Housing Market

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Edinburgh Housing Information

Index	Edinburgh	Indiana	National
Median home price	$83,400	$126,500	$184,700
Median rent asked	$713	$758	$949
Avg. people per household	2.6	2.5	2.6
Owner occupied households	51.6%	68.7%	63.6%
Renter occupied households	48.4%	31.3%	36.4%

Above, you will see a summary of real estate in Edinburgh, IN. On average, homes in Edinburgh, IN cost $83,400, a value that is 34% lower than the average in Indiana. In general terms, this results in Edinburgh, IN real estate being more affordable than Indiana real estate. On average, people who rent houses in Edinburgh, IN pay $713; this value is 6% lower than the average amount renters pay in Indiana. 51.6% of Edinburgh, IN residents own their own homes and, on average, each of the homes has 2.6 occupants. Edinburgh, IN real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Edinburgh, IN is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Edinburgh Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Edinburgh, IN. To estimate home affordability, one method is to use the ratio of home price to median household income. The Edinburgh, IN’s median home price stands at $83,400 while $41,731 is the value of the average household income. The resulting home price to income ratio, which is 2.0x, differs from the Indiana average as the ratio is 20% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Edinburgh, IN are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Edinburgh, IN.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Clifford, IN	214	$70,500	62%
Elizabethtown, IN	493	$73,800	60%
Hope, IN	2,289	$75,100	59%
Hartsville, IN	378	$87,600	53%
New Whiteland, IN	5,814	$95,900	48%
Edinburgh, IN	4,647	$83,400	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Zapata, TX	4,646	$73,100	60%
Candlewick Lake, IL	4,646	$123,700	33%
Spring Lake Heights, NJ	4,646	$470,800	155%
Ashland City, TN	4,648	$120,300	35%
Eastwood, LA	4,649	$200,200	8%
Edinburgh, IN	4,647	$83,400	55%

Source: The Edinburgh, IN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).