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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 $82,321, lower than the Illinois average of $242,002.
The average cost of rent is $730/mo in Buda, primarily driven by the current value of real estate in the Buda area. While nearly 43.15% of residents own their homes outright in Buda, 17.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buda is $4,958 per month. Households that rent pay about 14.73% of their income on rent here. Buda's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
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