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Affordable
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These days, finding an affordable place to live in the Buda area can be challenging. Home prices in Buda are now at a median cost of $86,952, lower than the Illinois average of $300,242.
The average cost of rent is $1,080/mo in Buda, primarily driven by the current value of real estate in the Buda area. In Buda, 18.49% of households rent, and 45.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buda is $5,566 per month. Households that rent pay about 19.41% of their income on rent here. Buda’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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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