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Affordable
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These days, finding an affordable place to live in the Arcola area can be challenging. Home prices in Arcola are now at a median cost of $147,146, lower than the Illinois average of $300,242.
The average cost of rent is $756/mo in Arcola, primarily driven by the current value of real estate in the Arcola area. In Arcola, 27.48% of households rent, and 43.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Arcola is $7,584 per month. Households that rent pay about 9.97% of their income on rent here. Arcola’s most expensive areas are in the southern 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
- Filson, IL: higher priced homes
- Chesterville, IL: higher priced homes
- Galton, IL: higher priced homes
- Humboldt, IL: equally priced homes
- Kemp, IL: less expensive homes
- Tuscola, IL: higher priced homes
- Arthur, IL: higher priced homes
- Ficklin, IL: higher priced homes
- Hugo, IL: less expensive homes
- Garrett, IL: higher priced homes
Cities with Similar Populations
- Laguna Vista, TX: higher priced homes
- Triadelphia, WV: higher priced homes
- Rockville, VA: higher priced homes
- Lloyd Harbor, NY: higher priced homes
- Lewisport, KY: higher priced homes
- Holcomb, KS: higher priced homes
- Clarkton, NC: higher priced homes
- Village of Grosse Pointe Shores, MI: higher priced homes
- Sale Creek, TN: higher priced homes
- Port Ewen, NY: higher priced homes
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