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These days, finding an affordable place to live in the Grand Ridge area can be challenging. Home prices in Grand Ridge are now at a median cost of $160,318, lower than the Illinois average of $242,002.
The average cost of rent is $806/mo in Grand Ridge, primarily driven by the current value of real estate in the Grand Ridge area. While nearly 38.81% of residents own their homes outright in Grand Ridge, 10.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grand Ridge is $5,840 per month. Households that rent pay about 13.80% of their income on rent here. Grand Ridge's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Woodland Addition, IL: higher priced homes
- Stoneyville, IL: less expensive homes
- Kangley, IL: equally priced homes
- Kernan, IL: less expensive homes
- Ottawa, IL: equally priced homes
- Streator, IL: less expensive homes
- Naplate, IL: equally priced homes
- South Streator, IL: less expensive homes
- Leonore, IL: less expensive homes
- Marseilles, IL: higher priced homes
Cities with Similar Populations
- Anthon, IA: less expensive homes
- Wray, GA: less expensive homes
- Wooster, MI: higher priced homes
- Novelty, WA: higher priced homes
- Penn, PA: less expensive homes
- Penfield, OH: higher priced homes
- Pena Blanca, NM: less expensive homes
- Pecks Mill, WV: less expensive homes
- Payne Gap, KY: less expensive homes
- Oppelo, AR: less expensive homes
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