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These days, finding an affordable place to live in the Albion area can be challenging. Home prices in Albion are now at a median cost of $99,624, lower than the Illinois average of $300,242.
The average cost of rent is $753/mo in Albion, primarily driven by the current value of real estate in the Albion area. In Albion, 28.86% of households rent, and 54.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Albion is $4,726 per month. Households that rent pay about 15.93% of their income on rent here. Albion’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Browns, IL: higher priced homes
- Ellery, IL: higher priced homes
- Bone Gap, IL: higher priced homes
- Black, IL: higher priced homes
- Grayville, IL: equally priced homes
- Bellmont, IL: higher priced homes
- Golden Gate, IL: equally priced homes
- Keensburg, IL: less expensive homes
- Maud, IL: equally priced homes
- Gards Point, IL: higher priced homes
Cities with Similar Populations
- Junction City, OH: higher priced homes
- George, WA: higher priced homes
- East Hampstead, NH: higher priced homes
- Dry Branch, GA: higher priced homes
- Des Arc, AR: less expensive homes
- Ossineke, MI: higher priced homes
- Lacon, IL: higher priced homes
- Lake View, SC: equally priced homes
- Meigs, GA: higher priced homes
- West Falls, NY: higher priced homes
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