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These days, finding an affordable place to live in the Ferris area can be challenging. Home prices in Ferris are now at a median cost of $140,800, lower than the Illinois average of $300,242.
The average cost of rent is $625/mo in Ferris, primarily driven by the current value of real estate in the Ferris area. In Ferris, 10.49% of households rent, and 40.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ferris is $5,313 per month. Households that rent pay about 11.76% of their income on rent here. Ferris’s most expensive areas are in the central 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
- McCall, IL: equally priced homes
- Burnside, IL: less expensive homes
- Carthage, IL: equally priced homes
- Adrian, IL: equally priced homes
- Elvaston, IL: equally priced homes
- Colusa, IL: less expensive homes
- Webster, IL: higher priced homes
- Disco, IL: less expensive homes
- Bentley, IL: less expensive homes
- Niota, IL: equally priced homes
Cities with Similar Populations
- Plymouth Union, VT: higher priced homes
- Port Jenkins, PA: higher priced homes
- Port Alsworth, AK: higher priced homes
- Poplar Hill, TN: higher priced homes
- Poolville, NY: higher priced homes
- Pony, MT: higher priced homes
- Pondsville, MD: higher priced homes
- Pond Creek, WV: higher priced homes
- Pocahontas, PA: higher priced homes
- Portage Entry, MI: higher priced homes
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