The Most Affordable Neighborhoods in Dorchester, IL by Home Value

 

Dorchester, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Dorchester area can be challenging. Home prices in Dorchester are now at a median cost of $107,998, lower than the Illinois average of $242,002.

The average cost of rent is $872/mo in Dorchester, primarily driven by the current value of real estate in the Dorchester area. While nearly 53.71% of residents own their homes outright in Dorchester, 19.25% rent.

Housing affordability isn’t just about home prices, though. The average household income in Dorchester is $6,986 per month. Households that rent pay about 12.48% of their income on rent here. Dorchester's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.


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