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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 $221,320, lower than the Illinois average of $300,242.
The average cost of rent is $821/mo in Dorchester, primarily driven by the current value of real estate in the Dorchester area. In Dorchester, 22.94% of households rent, and 45.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dorchester is $7,573 per month. Households that rent pay about 10.84% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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