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These days, finding an affordable place to live in the Cairo area can be challenging. Home prices in Cairo are now at a median cost of $36,570, lower than the Illinois average of $242,002.
The average cost of rent is $650/mo in Cairo, primarily driven by the current value of real estate in the Cairo area. While nearly 64.96% of residents own their homes outright in Cairo, 25.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cairo is $2,635 per month. Households that rent pay about 24.68% of their income on rent here. Cairo's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
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