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These days, finding an affordable place to live in the Hanks Station area can be challenging. Home prices in Hanks Station are now at a median cost of $118,700, lower than the Illinois average of $300,242.
The average cost of rent is $605/mo in Hanks Station, primarily driven by the current value of real estate in the Hanks Station area. In Hanks Station, 6.33% of households rent, and 56.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hanks Station is $7,064 per month. Households that rent pay about 8.56% of their income on rent here. Hanks Station’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- White Hall, IL: less expensive homes
- Hillview, IL: equally priced homes
- Patterson, IL: equally priced homes
- Barrow, IL: equally priced homes
- Roodhouse, IL: less expensive homes
- Carrollton, IL: equally priced homes
- Woody, IL: equally priced homes
- Wrights, IL: equally priced homes
- Eldred, IL: equally priced homes
- Glasgow, IL: less expensive homes
Cities with Similar Populations
- Dora, OR: higher priced homes
- Edsel, KY: less expensive homes
- Echo, UT: higher priced homes
- Jones, LA: less expensive homes
- East Valley, NV: higher priced homes
- East Brooklyn, IL: higher priced homes
- Kanawha Falls, WV: less expensive homes
- Dupont, LA: higher priced homes
- Kaylor, SD: higher priced homes
- Kent, AR: higher priced homes
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