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These days, finding an affordable place to live in the Clear Lake area can be challenging. Home prices in Clear Lake are now at a median cost of $160,112, lower than the Illinois average of $300,242.
The average cost of rent is $988/mo in Clear Lake, primarily driven by the current value of real estate in the Clear Lake area. In Clear Lake, 31.42% of households rent, and 35.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clear Lake is $6,440 per month. Households that rent pay about 15.33% of their income on rent here. Clear Lake’s most expensive areas are in the southeastern 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
- Riverton, IL: equally priced homes
- Bissell, IL: less expensive homes
- Spaulding, IL: higher priced homes
- Devereux Heights, IL: less expensive homes
- Rochester, IL: higher priced homes
- Dawson, IL: higher priced homes
- Springfield, IL: equally priced homes
- Sherman, IL: higher priced homes
- Southern View, IL: less expensive homes
- Jerome, IL: less expensive homes
Cities with Similar Populations
- Oregon, MO: less expensive homes
- Iraan, TX: less expensive homes
- Jarvisburg, NC: higher priced homes
- Job, KY: less expensive homes
- Keeling, VA: less expensive homes
- Kennard, NE: higher priced homes
- Kinlichee, AZ: less expensive homes
- Lee, ME: less expensive homes
- Malbis, AL: higher priced homes
- Iona, OK: higher priced homes
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