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Affordable
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These days, finding an affordable place to live in the Balcom area can be challenging. Home prices in Balcom are now at a median cost of $139,412, lower than the Illinois average of $300,242.
The average cost of rent is $612/mo in Balcom, primarily driven by the current value of real estate in the Balcom area. In Balcom, 11.75% of households rent, and 64.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Balcom is $6,671 per month. Households that rent pay about 9.17% of their income on rent here. Balcom’s most expensive areas are in the northwestern 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
- Dongola, IL: less expensive homes
- Anna, IL: equally priced homes
- Mount Pleasant, IL: equally priced homes
- Jonesboro, IL: less expensive homes
- Mill Creek, IL: equally priced homes
- Wetaug, IL: less expensive homes
- Saratoga, IL: higher priced homes
- Cobden, IL: equally priced homes
- Perks, IL: less expensive homes
- Mountain Glen, IL: higher priced homes
Cities with Similar Populations
- Steuben, MI: higher priced homes
- Mount Herman, OK: higher priced homes
- Namekagon, WI: higher priced homes
- Durham, OK: higher priced homes
- Dora, NM: equally priced homes
- Sand Bay, WI: less expensive homes
- Solano, NM: higher priced homes
- Somerset, CO: higher priced homes
- Burnwell, WV: less expensive homes
- Mohler, WA: higher priced homes
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