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These days, finding an affordable place to live in the Chestnut area can be challenging. Home prices in Chestnut are now at a median cost of $147,062, lower than the Illinois average of $300,242.
The average cost of rent is $710/mo in Chestnut, primarily driven by the current value of real estate in the Chestnut area. In Chestnut, 12.46% of households rent, and 42.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chestnut is $6,041 per month. Households that rent pay about 11.76% of their income on rent here. Chestnut’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
- Mount Pulaski, IL: less expensive homes
- Beason, IL: equally priced homes
- Latham, IL: equally priced homes
- Kenney, IL: equally priced homes
- Midland City, IL: less expensive homes
- Lake Fork, IL: less expensive homes
- Warrensburg, IL: higher priced homes
- Jenkins, IL: higher priced homes
- Elkhart, IL: higher priced homes
- Lincoln, IL: equally priced homes
Cities with Similar Populations
- Craigmont, ID: higher priced homes
- Warwicktown, TN: higher priced homes
- Waltham, MN: higher priced homes
- Walkersville, WV: higher priced homes
- Triplett, NC: higher priced homes
- Trinity Center, CA: higher priced homes
- Trafton, WA: higher priced homes
- Taylor, NE: higher priced homes
- Svea, MN: higher priced homes
- Stockbridge, VT: higher priced homes
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