Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Banner area can be challenging. Home prices in Banner are now at a median cost of $120,100, lower than the Illinois average of $300,242.
The average cost of rent is $900/mo in Banner, primarily driven by the current value of real estate in the Banner area. In Banner, 27.19% of households rent, and 54.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Banner is $6,204 per month. Households that rent pay about 14.51% of their income on rent here. Banner’s most expensive areas are in the central 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
- Monterey, IL: equally priced homes
- Breeds, IL: higher priced homes
- Rawalts, IL: higher priced homes
- Dunfermline, IL: less expensive homes
- Talbott, IL: higher priced homes
- Glasford, IL: higher priced homes
- Canton, IL: equally priced homes
- St. David, IL: equally priced homes
- Kingston Mines, IL: higher priced homes
- Manito, IL: higher priced homes
Cities with Similar Populations
- Woodrow, CO: higher priced homes
- Patton Junction, MO: higher priced homes
- Fredonia, ND: less expensive homes
- Minto, AK: less expensive homes
- Readheimer, LA: less expensive homes
- Oquossoc, ME: higher priced homes
- Utica, KS: less expensive homes
- Harlem, LA: equally priced homes
- Orange Park Acres, CA: higher priced homes
- Malaga, NM: higher priced homes
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