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These days, finding an affordable place to live in the Braidwood area can be challenging. Home prices in Braidwood are now at a median cost of $202,167, lower than the Illinois average of $300,242.
The average cost of rent is $1,101/mo in Braidwood, primarily driven by the current value of real estate in the Braidwood area. In Braidwood, 13.47% of households rent, and 39.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Braidwood is $7,558 per month. Households that rent pay about 14.56% of their income on rent here. Braidwood’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Diamond, IL: higher priced homes
- Godley, IL: equally priced homes
- Lakewood Shores, IL: higher priced homes
- Braceville, IL: equally priced homes
- Eileen, IL: equally priced homes
- Coal City, IL: higher priced homes
- Wilmington, IL: higher priced homes
- Carbon Hill, IL: higher priced homes
- Lorenzo, IL: higher priced homes
- Essex, IL: equally priced homes
Cities with Similar Populations
- Linwood, NC: equally priced homes
- Lebanon, CT: higher priced homes
- Lebanon, ME: higher priced homes
- Lebanon, VA: less expensive homes
- Lee, NH: higher priced homes
- Leesport, PA: higher priced homes
- Lewisberry, PA: higher priced homes
- Liberty, NY: equally priced homes
- Ligonier, PA: higher priced homes
- Lincoln, DE: higher priced homes
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