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These days, finding an affordable place to live in the Chatham area can be challenging. Home prices in Chatham are now at a median cost of $253,460, lower than the Illinois average of $300,242.
The average cost of rent is $1,209/mo in Chatham, primarily driven by the current value of real estate in the Chatham area. In Chatham, 17.52% of households rent, and 33.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chatham is $9,748 per month. Households that rent pay about 12.40% of their income on rent here. Chatham’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Glenarm, IL: higher priced homes
- Curran, IL: higher priced homes
- Southern View, IL: less expensive homes
- Jerome, IL: less expensive homes
- Leland Grove, IL: equally priced homes
- Auburn, IL: less expensive homes
- Springfield, IL: less expensive homes
- Divernon, IL: less expensive homes
- Loami, IL: less expensive homes
- Pawnee, IL: less expensive homes
Cities with Similar Populations
- Dunkirk, NY: less expensive homes
- Decatur, IN: less expensive homes
- DeForest, WI: higher priced homes
- Rye, NY: higher priced homes
- Rutherfordton, NC: equally priced homes
- Roma, TX: less expensive homes
- Dexter, MI: higher priced homes
- Discovery Bay, CA: higher priced homes
- Douglassville, PA: higher priced homes
- Wapakoneta, OH: less expensive homes
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