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These days, finding an affordable place to live in the Bowen area can be challenging. Home prices in Bowen are now at a median cost of $68,003, lower than the Illinois average of $242,002.
The average cost of rent is $557/mo in Bowen, primarily driven by the current value of real estate in the Bowen area. While nearly 59.18% of residents own their homes outright in Bowen, 17.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Bowen is $4,888 per month. Households that rent pay about 11.40% of their income on rent here. Bowen's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Denver, IL: higher priced homes
- Bentley, IL: higher priced homes
- West Point, IL: equally priced homes
- Augusta, IL: higher priced homes
- Basco, IL: higher priced homes
- La Prairie, IL: higher priced homes
- Loraine, IL: higher priced homes
- Golden, IL: higher priced homes
- Plymouth, IL: higher priced homes
- Carthage, IL: higher priced homes
Cities with Similar Populations
- Valley View, MO: higher priced homes
- Wakonda Beach, OR: higher priced homes
- Wainwright, AK: higher priced homes
- Sterling, UT: higher priced homes
- Midvale, ID: higher priced homes
- Meyersville, TX: higher priced homes
- Metz, WV: higher priced homes
- Glen Flora, WI: higher priced homes
- Vigo, OH: higher priced homes
- Newport, NJ: higher priced homes
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