Expensive
Affordable
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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 $209,459, lower than the Illinois average of $300,242.
The average cost of rent is $575/mo in Hamburg, primarily driven by the current value of real estate in the Hamburg area. In Hamburg, 3.21% of households rent, and 62.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamburg is $8,294 per month. Households that rent pay about 6.93% of their income on rent here. Hamburg’s most expensive areas are in the southeastern 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.
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