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Affordable
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These days, finding an affordable place to live in the Bingham area can be challenging. Home prices in Bingham are now at a median cost of $142,622, lower than the Illinois average of $300,242.
The average cost of rent is $970/mo in Bingham, primarily driven by the current value of real estate in the Bingham area. In Bingham, 11.28% of households rent, and 54.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bingham is $5,398 per month. Households that rent pay about 17.97% of their income on rent here. Bingham’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fillmore, IL: less expensive homes
- Ramsey, IL: less expensive homes
- Van Burensburg, IL: higher priced homes
- Shafter, IL: higher priced homes
- Coffeen, IL: less expensive homes
- Vandalia, IL: less expensive homes
- Irving, IL: less expensive homes
- Coalton, IL: less expensive homes
- Witt, IL: less expensive homes
- Oconee, IL: less expensive homes
Cities with Similar Populations
- Westport, LA: equally priced homes
- Martin Junction, LA: less expensive homes
- Stewartsville, IN: equally priced homes
- Basin, MT: higher priced homes
- Bear Creek, PA: higher priced homes
- Liberty Center, IA: higher priced homes
- Jeriel, KY: equally priced homes
- Stockdale, OH: higher priced homes
- Haywood, OK: higher priced homes
- Holloway, MN: equally priced homes
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