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These days, finding an affordable place to live in the Annapolis area can be challenging. Home prices in Annapolis are now at a median cost of $123,548, lower than the Illinois average of $300,242.
The average cost of rent is $768/mo in Annapolis, primarily driven by the current value of real estate in the Annapolis area. In Annapolis, 3.22% of households rent, and 56.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Annapolis is $6,057 per month. Households that rent pay about 12.68% of their income on rent here. Annapolis’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moonshine, IL: higher priced homes
- West York, IL: higher priced homes
- Hutsonville, IL: less expensive homes
- Neadmore, IL: higher priced homes
- Hardinville, IL: less expensive homes
- Oblong, IL: less expensive homes
- Stoy, IL: higher priced homes
- Moriah, IL: higher priced homes
- Robinson, IL: equally priced homes
- Trimble, IL: equally priced homes
Cities with Similar Populations
- Elk Garden, VA: higher priced homes
- Beeson, WV: higher priced homes
- Kaycee, WY: higher priced homes
- Keene Valley, NY: higher priced homes
- Birch River, WV: equally priced homes
- Thornwell, LA: higher priced homes
- Thicket, TX: higher priced homes
- Terrell, MS: less expensive homes
- Buckingham, IL: higher priced homes
- Ellis, OH: higher priced homes
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