The Most Affordable Neighborhoods in Bone Gap, IL by Home Value

 

Bone Gap, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Bone Gap area can be challenging. Home prices in Bone Gap are now at a median cost of $104,757, lower than the Illinois average of $242,002.

The average cost of rent is $485/mo in Bone Gap, primarily driven by the current value of real estate in the Bone Gap area. While nearly 79.57% of residents own their homes outright in Bone Gap, 20.70% rent.

Housing affordability isn’t just about home prices, though. The average household income in Bone Gap is $4,522 per month. Households that rent pay about 10.73% of their income on rent here. Bone Gap's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.


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