The Most Affordable Neighborhoods in Bishop Hill, IL by Home Value

 

Bishop Hill, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bishop Hill area can be challenging. Home prices in Bishop Hill are now at a median cost of $144,759, lower than the Illinois average of $300,242.

The average cost of rent is $684/mo in Bishop Hill, primarily driven by the current value of real estate in the Bishop Hill area. In Bishop Hill, 14.99% of households rent, and 51.99% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Bishop Hill is $4,930 per month. Households that rent pay about 13.88% of their income on rent here. Bishop Hill’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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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