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These days, finding an affordable place to live in the Genoa area can be challenging. Home prices in Genoa are now at a median cost of $257,343, lower than the Illinois average of $300,242.
The average cost of rent is $1,100/mo in Genoa, primarily driven by the current value of real estate in the Genoa area. In Genoa, 24.76% of households rent, and 37.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Genoa is $8,752 per month. Households that rent pay about 12.57% of their income on rent here. Genoa’s most expensive areas are in the northwestern 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
- Kingston, IL: higher priced homes
- New Lebanon, IL: higher priced homes
- Sycamore, IL: equally priced homes
- Kirkland, IL: equally priced homes
- Burlington, IL: higher priced homes
- Clare, IL: higher priced homes
- Hampshire, IL: higher priced homes
- Richardson, IL: higher priced homes
- DeKalb, IL: less expensive homes
- Cortland, IL: less expensive homes
Cities with Similar Populations
- Topsfield, MA: higher priced homes
- Uhrichsville, OH: less expensive homes
- Furlong, PA: higher priced homes
- Trion, GA: less expensive homes
- Trinity, AL: less expensive homes
- Garden City Park, NY: higher priced homes
- Trenton, GA: less expensive homes
- Gate City, VA: less expensive homes
- Trafford, PA: equally priced homes
- Torrington, WY: equally priced homes
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