Much like other places in this area, it is substantially less expensive compared to the rest of the nation. Compared to the city of Chicago, it's significantly less expensive.
Home prices
The median home in Winamac is valued at $83,100. Compared to nearby areas this is roughly $1,640 (2%) higher.It is approximately $134,400 (61%) lower compared to the entire nation, and compared to the city of Chicago it is about $174,900 (67%) lower.
Rents
The median monthly rent in Winamac is $651. It is approximately $17 (2%) lower compared to the surrounding areas.Compared to the entire country it is roughly $411 (38%) lower, and in comparison to the city of Chicago is about $461 (41%) lower.
Nearby places
Monterey
Monterey is roughly 8 miles northeast of Winamac. Real estate prices there are fairly similar. Monterey's median home cost is $82,500, which is very similar to Winamac. The rent there is somewhat more expensive. The median rent in Monterey is $792 a month, which works out to $141 (17%) higher than Winamac.
Kewanna
Kewanna is about 8 miles east from Winamac. Its housing prices are substantially less expensive. Kewanna's median home cost is $50,900, which is $32,200 (63%) lower than Winamac. Rents there are a little less expensive. In Kewanna the median monthly rent is $511, which works out to $140 (27%) lower than Winamac.
Buffalo
Buffalo is roughly 12 miles southwest from Winamac. The real estate prices there are a bit more expensive. The price of the median home in Buffalo is $116,300, which comes out to $33,200 (28%) higher than Winamac. Its rents are a little more expensive. Buffalo's median rent is $789 a month, which is $138 (17%) higher than Winamac.
Medaryville
Medaryville is about 12 miles west from Winamac. Its real estate prices are a lot less expensive. Medaryville's median home price is $60,500, which is $22,600 (37%) lower than Winamac. Rent there is fairly similar. In Medaryville the median monthly rent is $665, which comes out to $14 (2%) higher than Winamac.
Francesville
Francesville is roughly 13 miles west of Winamac. The housing prices there are somewhat more expensive. The median home in Francesville costs $97,100, which works out to $14,000 (14%) higher than Winamac. Rent there is a little less expensive. The median monthly rent in Francesville is $583, which works out to $68 (11%) lower than Winamac.
