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Affordable
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These days, finding an affordable place to live in the Hamel area can be challenging. Home prices in Hamel are now at a median cost of $257,034, lower than the Illinois average of $300,242.
The average cost of rent is $941/mo in Hamel, primarily driven by the current value of real estate in the Hamel area. In Hamel, 19.10% of households rent, and 34.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hamel is $9,244 per month. Households that rent pay about 10.18% of their income on rent here. Hamel’s most expensive areas are in the southwestern 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.
Nearby Cities
- Worden, IL: less expensive homes
- Kaufman, IL: less expensive homes
- Fruit, IL: higher priced homes
- Alhambra, IL: less expensive homes
- Holiday Shores, IL: higher priced homes
- Wanda, IL: higher priced homes
- Livingston, IL: less expensive homes
- Edwardsville, IL: higher priced homes
- Marine, IL: equally priced homes
- Williamson, IL: less expensive homes
Cities with Similar Populations
- Mount Hope, KS: less expensive homes
- South Windham, CT: higher priced homes
- South Portsmouth, KY: less expensive homes
- South Chatham, MA: higher priced homes
- Somers, WI: equally priced homes
- Smithville, GA: less expensive homes
- Sicily Island, LA: less expensive homes
- Shinnville, NC: less expensive homes
- Schuyler, VA: higher priced homes
- Ruthven, IA: less expensive homes
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