Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Hoffman area can be challenging. Home prices in Hoffman are now at a median cost of $112,813, lower than the Illinois average of $242,002.
The average cost of rent is $753/mo in Hoffman, primarily driven by the current value of real estate in the Hoffman area. While nearly 54.50% of residents own their homes outright in Hoffman, 13.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hoffman is $6,147 per month. Households that rent pay about 12.26% of their income on rent here. Hoffman's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Ferrin, IL: less expensive homes
- Huey, IL: higher priced homes
- Hoyleton, IL: higher priced homes
- Posey, IL: higher priced homes
- Wamac, IL: less expensive homes
- Central City, IL: less expensive homes
- Centralia, IL: less expensive homes
- Junction City, IL: less expensive homes
- Carlyle, IL: higher priced homes
- Irvington, IL: less expensive homes
Cities with Similar Populations
- Danevang, TX: higher priced homes
- Elko, SC: higher priced homes
- Elk Horn, KY: equally priced homes
- Elk Garden, WV: less expensive homes
- Eifort, OH: less expensive homes
- Ehrenberg, AZ: less expensive homes
- East Corning, NY: higher priced homes
- Dixie Union, GA: less expensive homes
- Dennis, OK: higher priced homes
- Delaware Water Gap, PA: higher priced homes
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