The Most Affordable Neighborhoods in Hoopeston, IL by Home Value

These days, finding an affordable place to live in the Hoopeston area can be challenging. Home prices in Hoopeston are now at a median cost of $118,581, lower than the Illinois average of $300,242.

The average cost of rent is $865/mo in Hoopeston, primarily driven by the current value of real estate in the Hoopeston area. In Hoopeston, 29.43% of households rent, and 44.56% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hoopeston is $6,467 per month. Households that rent pay about 13.38% of their income on rent here. Hoopeston’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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