The Most Affordable Neighborhoods in Danforth, IL by Home Value

 

Danforth, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Danforth area can be challenging. Home prices in Danforth are now at a median cost of $166,988, lower than the Illinois average of $300,242.

The average cost of rent is $1,421/mo in Danforth, primarily driven by the current value of real estate in the Danforth area. In Danforth, 15.72% of households rent, and 45.18% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Danforth is $5,241 per month. Households that rent pay about 27.11% of their income on rent here. Danforth’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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