Top 10 places in Illinois with affordable housing
Moving on a budget is not the easiest thing in the world. Buying a new home before the move on a budget is even harder. Since the prices of everything have been going up, people have been keener and keener toward finding more affordable living options. If you are moving to Illinois soon, you will be glad to know that there are plenty of cities and towns that have houses for sale that don’t cost an arm and a leg. Golan’s Moving and Storage Chicago will be there to make your relocation smooth and enjoyable while you check out the best places in Illinois with affordable housing. Take a look at our top 10!
Here are some of the best places in Illinois with affordable housing
Finding a decent home at an affordable price doesn’t always go hand in hand. That’s why, when we find a chance to move to a place with affordable housing prices, we jump at it. We’ve compiled a list of ten cities with a budget-friendly real estate market. All of these places are worth considering for your next location if you are moving to Illinois.
1. Morton Grove
Home to 22,469 people, Morton Grove is located in Cook County in Illinois. The median home price in this IL village is $357,000. The place has an overall high livability score, with special emphasis on the low crime rate which is 60% lower than the US average. This town also boasts a low unemployment rate of 3%, as well as a median income 37% higher than the US average. If this sounds appealing, hurry up and book some of the best movers Morton Grove IL has at disposal.
Another town in Cook County, Northbrook has a population of 33,775. Although the median home price of around $550,000 doesn’t sound very affordable, the average income makes up for the higher real estate pricing. Namely, the median income in Northbrook is a whopping 108% higher than the US average, which explains the slightly above average cost of living. Movers Northbrook IL offers are one of the best in the state and can vouch for the fantastic opportunities this Illinois town provides. The unemployment rate in Northbrook is also below the national average, at only 2%.
3. Park Ridge
Park Ridge is a town in Illinois that 37,384 people are proud to call home. With the median home price of $433,000 and a cost of living that is also slightly above the national average, you might wonder if this is the right place for you. Depending on your needs, it’s safe to say you’d be well off in Park Ridge. The unemployment rate is almost 50% lower than the US average, and the median income is 67% higher than the national average. Considering those facts, it’s no wonder movers Park Ridge IL residents hire mostly do local relocations. No one wants to move away!
Home to only 5,253 people, Hoopeston is a great place for those who love a quiet, small-town vibe. What’s great about this small town in Illinois is the low cost of living, as well as affordable house prices. If you wish to buy a home in this place, you’d have to set aside around $64,500. Another advantage of Hoopeston is that it offers plenty of opportunities for outdoor activities. However, the biggest cons are the crime and unemployment rates which are slightly above the national average.
Freeport, Illinois is a city with a population of 24,588. Buying a home here will cost you around $75,400 on average. Freeport provides lots of perks to whoever chooses to move there. Besides home prices being significantly below the national average, the cost of living is also affordable. In addition to that, it’s considered to be a generally safe city with a low crime rate, which is another factor that contributes to its high livability score.
6. Wood River
Located in Madison County IL, Wood River is home to 10,386 people. This small town is another place where you can find homes at excellent prices. The average price for a 1-bedroom home is $84,500. The cost of living is also below, while the unemployment rate is equal to the US average. The biggest con of moving to Wood River is the crime rate which is slightly higher than the national average.
With a population of 20,892, Charleston is another great choice if you are looking for a place in Illinois to move to. The combination of a low crime rate of 75% below the national average, low cost of living, and affordable real estate are what makes this Illinois town perfect for anyone who is on a budget. The median home price is $95,300 which is 48% lower than the US average. Who could say no to that?
Another place with a very high livability score on our list is Dixon. Home to 15,480 residents, anyone would be happy to live here. Not only does Dixon have plenty of budget-friendly home options, but the cost of living is also below the state and national average. Dixon is also a safe city, with a crime rate 11% lower than the US average. If you wish to buy a house, the median price for a 1-bedroom home is $92,100.
Capital of the state of Illinois, and the city where president Abraham Lincoln was born, Springfield had to be on our list. With a population of 114,694, this is the largest on our list of affordable cities in Illinois. In addition to the median home price being only $123,700, Springfield also has a lower cost of living and is considered generally safe compared to the rest of the country.
Last, but not least on our list is Clinton with a population of 6,927. The advantages of living in this Illinois town are the below-average cost of living and plenty of opportunities for outdoor activities. The median price for a 1-bedroom home is 79,600 which is 57% lower than the US average.
Hopefully, we’ve managed to give you some good options with our list of the best places in Illinois with affordable housing. The ideal city is different for everyone, so make sure the place you choose to call your next home ticks most of the boxes in your book. Good luck with your relocation!