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These days, finding an affordable place to live in the Cary area can be challenging. Home prices in Cary are now at a median cost of $330,906, higher than the Illinois average of $300,242.
The average cost of rent is $1,672/mo in Cary, primarily driven by the current value of real estate in the Cary area. In Cary, 12.34% of households rent, and 28.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cary is $11,218 per month. Households that rent pay about 14.90% of their income on rent here. Cary’s most expensive areas are in the northeastern 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
- Trout Valley, IL: equally priced homes
- Fox River Grove, IL: equally priced homes
- Oakwood Hills, IL: equally priced homes
- Port Barrington, IL: equally priced homes
- Lake Barrington, IL: higher priced homes
- Prairie Grove, IL: higher priced homes
- Crystal Lake, IL: equally priced homes
- Tower Lakes, IL: higher priced homes
- Island Lake, IL: less expensive homes
- Barrington Hills, IL: higher priced homes
Cities with Similar Populations
- Harrisburg, NC: higher priced homes
- Fernley, NV: higher priced homes
- Forest, VA: higher priced homes
- Fountain Hills, AZ: higher priced homes
- Fountain Inn, SC: less expensive homes
- Gainesville, TX: less expensive homes
- Goodlettsville, TN: higher priced homes
- Green Valley, AZ: less expensive homes
- Greenbelt, MD: equally priced homes
- Farragut, TN: higher priced homes
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