The Most Affordable Neighborhoods in Deer Grove, IL by Home Value

 

Deer Grove, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Deer Grove area can be challenging. Home prices in Deer Grove are now at a median cost of $160,264, lower than the Illinois average of $242,002.

The average cost of rent is $911/mo in Deer Grove, primarily driven by the current value of real estate in the Deer Grove area. While nearly 56.97% of residents own their homes outright in Deer Grove, 22.08% rent.

Housing affordability isn’t just about home prices, though. The average household income in Deer Grove is $5,835 per month. Households that rent pay about 15.62% of their income on rent here. Deer Grove's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.


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