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These days, finding an affordable place to live in the Edgewood area can be challenging. Home prices in Edgewood are now at a median cost of $144,640, lower than the Illinois average of $300,242.
The average cost of rent is $605/mo in Edgewood, primarily driven by the current value of real estate in the Edgewood area. In Edgewood, 9.06% of households rent, and 50.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Edgewood is $6,568 per month. Households that rent pay about 9.22% of their income on rent here. Edgewood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- La Clede, IL: less expensive homes
- Mason, IL: equally priced homes
- Hord, IL: higher priced homes
- Riffle, IL: equally priced homes
- Farina, IL: less expensive homes
- Watson, IL: higher priced homes
- Oskaloosa, IL: higher priced homes
- Eberle, IL: higher priced homes
- Iola, IL: less expensive homes
- Keptown, IL: higher priced homes
Cities with Similar Populations
- Senior, OH: higher priced homes
- Cedar Glen, CA: higher priced homes
- Catawba, VA: higher priced homes
- Sun Valley, WV: higher priced homes
- Bussey, IA: less expensive homes
- Sentinel Heights, NY: higher priced homes
- Schmidt Corner, MI: higher priced homes
- Berryton, GA: less expensive homes
- Williamsburg, MO: less expensive homes
- Ashton, IA: equally priced homes
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