Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hamburg area can be challenging. Home prices in Hamburg are now at a median cost of $163,063, lower than the Illinois average of $242,002.
The average cost of rent is $655/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. While nearly 51.26% of residents own their homes outright in Hamburg, 1.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $6,698 per month. Households that rent pay about 9.78% of their income on rent here. Hamburg's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
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