The Most Affordable Neighborhoods in Beloit, WI by Home Value

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 $177,884, lower than the Wisconsin average of $280,373.

The average cost of rent is $1,047/mo in Beloit, primarily driven by the current value of real estate in the Beloit area. In Beloit, 34.61% of households rent, and 38.30% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Beloit is $5,330 per month. Households that rent pay about 19.65% of their income on rent here. Beloit’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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