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Affordable
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These days, finding an affordable place to live in the Clarence area can be challenging. Home prices in Clarence are now at a median cost of $157,252, lower than the Illinois average of $300,242.
The average cost of rent is $840/mo in Clarence, primarily driven by the current value of real estate in the Clarence area. In Clarence, 13.34% of households rent, and 41.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clarence is $6,774 per month. Households that rent pay about 12.40% of their income on rent here. Clarence’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rankin, IL: less expensive homes
- Paxton, IL: less expensive homes
- Loda, IL: higher priced homes
- Cissna Park, IL: equally priced homes
- East Lynn, IL: equally priced homes
- Reilly, IL: higher priced homes
- Penfield, IL: equally priced homes
- Buckley, IL: less expensive homes
- Ludlow, IL: equally priced homes
- Claytonville, IL: less expensive homes
Cities with Similar Populations
- Elkhorn, TN: less expensive homes
- Sherwood, TX: higher priced homes
- Shelby Gap, KY: equally priced homes
- Shannon City, IA: equally priced homes
- Seivern, SC: equally priced homes
- Seboyeta, NM: equally priced homes
- Elmville, OH: higher priced homes
- Elliott, SC: less expensive homes
- Elliot, TX: higher priced homes
- Shirley, TN: equally priced homes
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