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These days, finding an affordable place to live in the Buncombe area can be challenging. Home prices in Buncombe are now at a median cost of $108,440, lower than the Illinois average of $300,242.
The average cost of rent is $790/mo in Buncombe, primarily driven by the current value of real estate in the Buncombe area. In Buncombe, 14.95% of households rent, and 63.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buncombe is $5,057 per month. Households that rent pay about 15.63% of their income on rent here. Buncombe’s most expensive areas are in the western 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.
Nearby Cities
- Elvira, IL: higher priced homes
- Mount Pleasant, IL: higher priced homes
- Lick Creek, IL: higher priced homes
- Boles, IL: higher priced homes
- Cypress, IL: equally priced homes
- Vienna, IL: higher priced homes
- Goreville, IL: higher priced homes
- Saratoga, IL: higher priced homes
- Perks, IL: less expensive homes
- Tunnel Hill, IL: higher priced homes
Cities with Similar Populations
- Allendale, IL: equally priced homes
- Altaville, CA: higher priced homes
- Argyle, MN: higher priced homes
- Montrose, WV: higher priced homes
- Newark, WI: higher priced homes
- Newark, MD: higher priced homes
- New Deal, TN: higher priced homes
- Nelson, IL: higher priced homes
- Neelyville, MO: less expensive homes
- Mount Vernon, SD: higher priced homes
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