The Most Affordable Neighborhoods in Donovan, IL by Home Value

 

Donovan, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Donovan area can be challenging. Home prices in Donovan are now at a median cost of $97,003, lower than the Illinois average of $300,242.

The average cost of rent is $818/mo in Donovan, primarily driven by the current value of real estate in the Donovan area. In Donovan, 12.62% of households rent, and 56.56% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Donovan is $4,648 per month. Households that rent pay about 17.59% of their income on rent here. Donovan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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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