The Most Affordable Neighborhoods in Central Street Merchant District, Evanston, IL by Home Value

 

Central Street Merchant District, Evanston, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Central Street Merchant District area can be challenging. Home prices in Central Street Merchant District are now at a median cost of $590,351, higher than the Evanston average of $445,862.

The average cost of rent is $1,700/mo in Central Street Merchant District, primarily driven by the current value of real estate in the Central Street Merchant District area. While nearly 36.23% of residents own their homes outright in Central Street Merchant District, 16.92% rent.

Housing affordability isn’t just about home prices, though. The average household income in Central Street Merchant District is $13,473 per month. Households that rent pay about 12.61% of their income on rent here. Central Street Merchant District's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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