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These days, finding an affordable place to live in the Herscher area can be challenging. Home prices in Herscher are now at a median cost of $221,535, lower than the Illinois average of $300,242.
The average cost of rent is $1,209/mo in Herscher, primarily driven by the current value of real estate in the Herscher area. In Herscher, 19.89% of households rent, and 49.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Herscher is $7,876 per month. Households that rent pay about 15.35% of their income on rent here. Herscher’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Goodrich, IL: equally priced homes
- Buckingham, IL: less expensive homes
- Union Hill, IL: less expensive homes
- Irwin, IL: less expensive homes
- Cabery, IL: less expensive homes
- Bonfield, IL: equally priced homes
- Lehigh, IL: equally priced homes
- Limestone, IL: equally priced homes
- Reddick, IL: less expensive homes
- Greenwich, IL: less expensive homes
Cities with Similar Populations
- Jenkins, MN: higher priced homes
- Rosebush, MI: less expensive homes
- Roland, IA: equally priced homes
- New Salem, PA: less expensive homes
- Miller, SD: less expensive homes
- Lawton, IA: higher priced homes
- Lavallette, NJ: higher priced homes
- Lampe, MO: equally priced homes
- Lake Isabella, MI: less expensive homes
- La Rue, OH: less expensive homes
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