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Affordable
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These days, finding an affordable place to live in the Gerlaw area can be challenging. Home prices in Gerlaw are now at a median cost of $118,278, lower than the Illinois average of $300,242.
The average cost of rent is $751/mo in Gerlaw, primarily driven by the current value of real estate in the Gerlaw area. In Gerlaw, 14.43% of households rent, and 56.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gerlaw is $5,783 per month. Households that rent pay about 12.98% of their income on rent here. Gerlaw’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Hightogy, AL: equally priced homes
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- Stanfield, TN: higher priced homes
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