The Most Affordable Neighborhoods in Alorton, IL by Home Value

 

Alorton, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Alorton area can be challenging. Home prices in Alorton are now at a median cost of $48,130, lower than the Illinois average of $242,002.

The average cost of rent is $685/mo in Alorton, primarily driven by the current value of real estate in the Alorton area. While nearly 81.60% of residents own their homes outright in Alorton, 58.88% rent.

Housing affordability isn’t just about home prices, though. The average household income in Alorton is $2,061 per month. Households that rent pay about 33.21% of their income on rent here. Alorton's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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