The Most Affordable Neighborhoods in Honey Bend, IL by Home Value

 

Honey Bend, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Honey Bend area can be challenging. Home prices in Honey Bend are now at a median cost of $204,383, lower than the Illinois average of $242,002.

The average cost of rent is $767/mo in Honey Bend, primarily driven by the current value of real estate in the Honey Bend area. While nearly 51.96% of residents own their homes outright in Honey Bend, 9.98% rent.

Housing affordability isn’t just about home prices, though. The average household income in Honey Bend is $8,119 per month. Households that rent pay about 9.44% of their income on rent here. Honey Bend's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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