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These days, finding an affordable place to live in the Galena area can be challenging. Home prices in Galena are now at a median cost of $252,065, lower than the Illinois average of $300,242.
The average cost of rent is $858/mo in Galena, primarily driven by the current value of real estate in the Galena area. In Galena, 33.96% of households rent, and 42.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Galena is $5,884 per month. Households that rent pay about 14.58% of their income on rent here. Galena’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rice, IL: higher priced homes
- Scales Mound, IL: higher priced homes
- The Galena Territory, IL: higher priced homes
- Menominee, IL: less expensive homes
- Rodden, IL: equally priced homes
- St. Donatus, IA: higher priced homes
- Prairie Corners, WI: equally priced homes
- Hazel Green, WI: less expensive homes
- Bellevue, IA: equally priced homes
- Guilford, IL: equally priced homes
Cities with Similar Populations
- Auburn, KY: less expensive homes
- Placitas, NM: higher priced homes
- Pioneer, CA: higher priced homes
- Bamberg, SC: less expensive homes
- Balm, FL: higher priced homes
- Bakersville, NC: less expensive homes
- Petersburg, MI: higher priced homes
- Perrineville, NJ: higher priced homes
- Parsons, TN: less expensive homes
- Paris, AR: less expensive homes
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