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These days, finding an affordable place to live in the Hampshire area can be challenging. Home prices in Hampshire are now at a median cost of $320,633, higher than the Illinois average of $300,242.
The average cost of rent is $2,353/mo in Hampshire, primarily driven by the current value of real estate in the Hampshire area. In Hampshire, 14.53% of households rent, and 27.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hampshire is $8,471 per month. Households that rent pay about 27.78% of their income on rent here. Hampshire’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.
Nearby Cities
- Starks, IL: higher priced homes
- Pingree Grove, IL: equally priced homes
- North Plato, IL: higher priced homes
- Burlington, IL: higher priced homes
- New Lebanon, IL: equally priced homes
- Huntley, IL: equally priced homes
- Gilberts, IL: equally priced homes
- Union, IL: equally priced homes
- Wasco, IL: higher priced homes
- Richardson, IL: higher priced homes
Cities with Similar Populations
- Yorktown, IN: less expensive homes
- Annapolis Neck, MD: higher priced homes
- Andover, NJ: higher priced homes
- Andalusia, AL: less expensive homes
- Amory, MS: less expensive homes
- Amityville, NY: higher priced homes
- Ambridge, PA: less expensive homes
- Alpine, UT: higher priced homes
- Algonac, MI: less expensive homes
- Alden, NY: less expensive homes
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