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Affordable
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These days, finding an affordable place to live in the Herrick area can be challenging. Home prices in Herrick are now at a median cost of $137,828, lower than the Illinois average of $300,242.
The average cost of rent is $908/mo in Herrick, primarily driven by the current value of real estate in the Herrick area. In Herrick, 11.39% of households rent, and 48.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Herrick is $6,696 per month. Households that rent pay about 13.56% of their income on rent here. Herrick’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cowden, IL: less expensive homes
- Holliday, IL: higher priced homes
- Ramsey, IL: less expensive homes
- Oconee, IL: less expensive homes
- Wrights Corner, IL: higher priced homes
- Lakewood Township, IL: higher priced homes
- Beecher City, IL: less expensive homes
- Confidence, IL: equally priced homes
- Tower Hill, IL: equally priced homes
- Moccasin, IL: higher priced homes
Cities with Similar Populations
- Dublin, IN: less expensive homes
- Tunbridge, VT: higher priced homes
- Tranquillity, CA: higher priced homes
- Eltopia, WA: higher priced homes
- Elmhurst, WI: higher priced homes
- Edgemont, SD: higher priced homes
- Eden, ID: higher priced homes
- Ebro, FL: higher priced homes
- East Randolph, NY: equally priced homes
- Tunstall, VA: higher priced homes
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