Home Price Key
Affordable
Average
Expensive
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 $94,000, lower than the Illinois average of $242,002.
The average cost of rent is $531/mo in Banner, primarily driven by the current value of real estate in the Banner area. While nearly 48.53% of residents own their homes outright in Banner, 17.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banner is $4,000 per month. Households that rent pay about 13.28% 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.
Nearby Cities
- Monterey, IL: equally priced homes
- Breeds, IL: higher priced homes
- Rawalts, IL: higher priced homes
- Dunfermline, IL: equally priced homes
- Talbott, IL: higher priced homes
- Glasford, IL: higher priced homes
- Canton, IL: higher 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: equally priced homes
- Minto, AK: less expensive homes
- Readheimer, LA: less expensive homes
- Oquossoc, ME: higher priced homes
- Utica, KS: less expensive homes
- Harlem, LA: less expensive homes
- Orange Park Acres, CA: higher priced homes
- Malaga, NM: higher priced homes
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