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These days, finding an affordable place to live in the Essex area can be challenging. Home prices in Essex are now at a median cost of $209,898, lower than the Illinois average of $300,242.
The average cost of rent is $1,193/mo in Essex, primarily driven by the current value of real estate in the Essex area. In Essex, 7.73% of households rent, and 49.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Essex is $8,296 per month. Households that rent pay about 14.38% of their income on rent here. Essex’s most expensive areas are in the northern 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.
Nearby Cities
- East Brooklyn, IL: less expensive homes
- Union Hill, IL: less expensive homes
- South Wilmington, IL: less expensive homes
- Godley, IL: equally priced homes
- Ritchie, IL: higher priced homes
- Reddick, IL: less expensive homes
- Braceville, IL: equally priced homes
- Bonfield, IL: equally priced homes
- Braidwood, IL: equally priced homes
- Lakewood Shores, IL: higher priced homes
Cities with Similar Populations
- Goshen, OR: higher priced homes
- Tilden, NE: less expensive homes
- Tidwell, TN: higher priced homes
- Tidioute, PA: less expensive homes
- Sykesville, PA: less expensive homes
- Lake Shore, MN: higher priced homes
- Lake George, MI: less expensive homes
- Lacassine, LA: equally priced homes
- Kawaihae, HI: higher priced homes
- Henderson, GA: higher priced homes
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