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These days, finding an affordable place to live in the Denmark area can be challenging. Home prices in Denmark are now at a median cost of $161,741, lower than the Illinois average of $242,002.
The average cost of rent is $643/mo in Denmark, primarily driven by the current value of real estate in the Denmark area. While nearly 54.60% of residents own their homes outright in Denmark, 14.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Denmark is $6,761 per month. Households that rent pay about 9.51% of their income on rent here. Denmark's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
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