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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 $28,181, lower than the Illinois average of $300,242.
The average cost of rent is $546/mo in Cairo, primarily driven by the current value of real estate in the Cairo area. In Cairo, 34.49% of households rent, and 74.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cairo is $3,059 per month. Households that rent pay about 17.85% of their income on rent here. Cairo’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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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