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These days, finding an affordable place to live in the Bellwood area can be challenging. Home prices in Bellwood are now at a median cost of $230,081, lower than the Illinois average of $300,242.
The average cost of rent is $1,360/mo in Bellwood, primarily driven by the current value of real estate in the Bellwood area. In Bellwood, 21.65% of households rent, and 31.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bellwood is $7,381 per month. Households that rent pay about 18.42% of their income on rent here. Bellwood’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hillside, IL: higher priced homes
- Stone Park, IL: equally priced homes
- Maywood, IL: equally priced homes
- Berkeley, IL: higher priced homes
- Melrose Park, IL: higher priced homes
- Broadview, IL: higher priced homes
- Westchester, IL: higher priced homes
- Northlake, IL: equally priced homes
- Hines, IL: less expensive homes
- River Forest, IL: higher priced homes
Cities with Similar Populations
- Stoughton, WI: higher priced homes
- Hilton, NY: equally priced homes
- Holly Springs, GA: higher priced homes
- Tallmadge, OH: equally priced homes
- Taft, CA: equally priced homes
- Hot Springs Village, AR: higher priced homes
- Sussex, WI: higher priced homes
- Jamestown, NC: higher priced homes
- Sudbury, MA: higher priced homes
- Sturgis, MI: less expensive homes
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