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Affordable
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These days, finding an affordable place to live in the Calumet Park area can be challenging. Home prices in Calumet Park are now at a median cost of $190,073, lower than the Illinois average of $300,242.
The average cost of rent is $1,228/mo in Calumet Park, primarily driven by the current value of real estate in the Calumet Park area. In Calumet Park, 45.00% of households rent, and 33.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Calumet Park is $4,848 per month. Households that rent pay about 25.33% of their income on rent here. Calumet Park’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Blue Island, IL: equally priced homes
- Riverdale, IL: less expensive homes
- Dixmoor, IL: less expensive homes
- Merrionette Park, IL: equally priced homes
- Posen, IL: less expensive homes
- Robbins, IL: less expensive homes
- Harvey, IL: less expensive homes
- Alsip, IL: higher priced homes
- Phoenix, IL: less expensive homes
- Dolton, IL: less expensive homes
Cities with Similar Populations
- Springs, NY: higher priced homes
- West Concord, MA: higher priced homes
- West Bridgewater, MA: higher priced homes
- Water Valley, MS: less expensive homes
- Wartburg, TN: equally priced homes
- Waikoloa, HI: higher priced homes
- Brookville, PA: less expensive homes
- Stoneville, NC: less expensive homes
- Chester, IL: less expensive homes
- St. Helena Island, SC: higher priced homes
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