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Affordable
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These days, finding an affordable place to live in the Hopedale area can be challenging. Home prices in Hopedale are now at a median cost of $199,019, lower than the Illinois average of $300,242.
The average cost of rent is $880/mo in Hopedale, primarily driven by the current value of real estate in the Hopedale area. In Hopedale, 15.34% of households rent, and 36.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hopedale is $7,244 per month. Households that rent pay about 12.15% of their income on rent here. Hopedale’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Emden, IL: less expensive homes
- Mackinaw, IL: equally priced homes
- Pekin Heights, IL: higher priced homes
- Green Valley, IL: less expensive homes
Cities with Similar Populations
- Winnebago, NE: less expensive homes
- St. John, ND: less expensive homes
- Sunset, TX: higher priced homes
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- Hartley, IA: less expensive homes
- Traskwood, AR: equally priced homes
- Van Dyne, WI: higher priced homes
- Walden Woods, TX: equally priced homes
- Germantown, IL: equally priced homes
- Fort Gaines, GA: less expensive homes
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