Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Grand Tower area can be challenging. Home prices in Grand Tower are now at a median cost of $39,400, lower than the Illinois average of $242,002.
The average cost of rent is $565/mo in Grand Tower, primarily driven by the current value of real estate in the Grand Tower area. While nearly 59.84% of residents own their homes outright in Grand Tower, 23.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in Grand Tower is $4,010 per month. Households that rent pay about 14.09% of their income on rent here. Grand Tower's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Okolona, AR: higher priced homes
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