The Most Affordable Neighborhoods in Broughton, IL by Home Value

 

Broughton, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Broughton area can be challenging. Home prices in Broughton are now at a median cost of $120,994, lower than the Illinois average of $242,002.

The average cost of rent is $830/mo in Broughton, primarily driven by the current value of real estate in the Broughton area. While nearly 84.16% of residents own their homes outright in Broughton, 14.35% rent.

Housing affordability isn’t just about home prices, though. The average household income in Broughton is $5,044 per month. Households that rent pay about 16.45% of their income on rent here. Broughton's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.


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