Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Inverness area can be challenging. Home prices in Inverness are now at a median cost of $558,843, higher than the Illinois average of $242,002.
The average cost of rent is $1,912/mo in Inverness, primarily driven by the current value of real estate in the Inverness area. While nearly 38.13% of residents own their homes outright in Inverness, 5.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Inverness is $14,746 per month. Households that rent pay about 12.97% of their income on rent here. Inverness's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Palatine, IL: less expensive homes
- South Barrington, IL: higher priced homes
- Barrington, IL: equally priced homes
- Hoffman Estates, IL: less expensive homes
- Deer Park, IL: less expensive homes
- Rolling Meadows, IL: less expensive homes
- Kildeer, IL: equally priced homes
- Lake Zurich, IL: less expensive homes
- Schaumburg, IL: less expensive homes
- Barrington Hills, IL: less expensive homes
Cities with Similar Populations
- Easton, CT: higher priced homes
- Evansville, WI: less expensive homes
- Eudora, KS: less expensive homes
- Emerson, NJ: equally priced homes
- Elsa, TX: less expensive homes
- Elon College, NC: less expensive homes
- Elmore, AL: less expensive homes
- Elma, WA: less expensive homes
- Elizabethtown, NC: less expensive homes
- Edwardsburg, MI: less expensive homes
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