Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cerro Gordo area can be challenging. Home prices in Cerro Gordo are now at a median cost of $103,870, lower than the Illinois average of $242,002.
The average cost of rent is $813/mo in Cerro Gordo, primarily driven by the current value of real estate in the Cerro Gordo area. While nearly 45.26% of residents own their homes outright in Cerro Gordo, 29.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cerro Gordo is $5,914 per month. Households that rent pay about 13.74% of their income on rent here. Cerro Gordo's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Oakley, IL: higher priced homes
- Milmine, IL: higher priced homes
- La Place, IL: equally priced homes
- Argenta, IL: higher priced homes
- Oreana, IL: higher priced homes
- Newburg, IL: higher priced homes
- Lintner, IL: less expensive homes
- Cisco, IL: higher priced homes
- Bement, IL: equally priced homes
- Long Creek, IL: higher priced homes
Cities with Similar Populations
- Wagarville, MI: equally priced homes
- Dow, IL: higher priced homes
- Encinal, TX: equally priced homes
- Woodburn, KY: higher priced homes
- Etoile, TX: less expensive homes
- Frederic, MI: higher priced homes
- Gibbon, MN: higher priced homes
- Glidden, IA: higher priced homes
- Hector, AR: equally priced homes
- Heflin, LA: less expensive homes
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