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These days, finding an affordable place to live in the Beloit area can be challenging. Home prices in Beloit are now at a median cost of $176,041, lower than the Ohio average of $236,816.
The average cost of rent is $758/mo in Beloit, primarily driven by the current value of real estate in the Beloit area. In Beloit, 12.64% of households rent, and 50.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Beloit is $5,199 per month. Households that rent pay about 14.59% of their income on rent here. Beloit’s most expensive areas are in the southwestern 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
- Sebring, OH: less expensive homes
- Damascus, OH: equally priced homes
- Salem Heights, OH: equally priced homes
- Maple Ridge, OH: less expensive homes
- North Georgetown, OH: higher priced homes
- Snodes, OH: equally priced homes
- North Benton, OH: equally priced homes
- Homeworth, OH: higher priced homes
- Alliance, OH: less expensive homes
- Patmos, OH: higher priced homes
Cities with Similar Populations
- Ridgetop, TN: higher priced homes
- Crouse, NC: higher priced homes
- Combes, TX: less expensive homes
- Hollywood Park, TX: higher priced homes
- Grantsville, MD: higher priced homes
- Staley, NC: equally priced homes
- Howe, IN: higher priced homes
- Eunice, NM: less expensive homes
- Lone Oak, TX: higher priced homes
- Lowes Island, VA: higher priced homes
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