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Affordable
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These days, finding an affordable place to live in the Irene area can be challenging. Home prices in Irene are now at a median cost of $254,199, lower than the Illinois average of $300,242.
The average cost of rent is $1,335/mo in Irene, primarily driven by the current value of real estate in the Irene area. In Irene, 15.29% of households rent, and 41.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Irene is $8,510 per month. Households that rent pay about 15.69% of their income on rent here. Irene’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cherry Valley, IL: less expensive homes
- Belvidere, IL: less expensive homes
- Kirkland, IL: equally priced homes
- Kingston, IL: higher priced homes
- Monroe Center, IL: less expensive homes
- New Milford, IL: less expensive homes
- Garden Prairie, IL: higher priced homes
- Morristown, IL: less expensive homes
- Timberlane, IL: higher priced homes
- Rockford, IL: less expensive homes
Cities with Similar Populations
- Climax, NY: higher priced homes
- Torrance, PA: less expensive homes
- Tocowa, MS: less expensive homes
- Theodore, MD: higher priced homes
- Terra Ceia, NC: less expensive homes
- Tenth Legion, VA: equally priced homes
- Sylvester, MI: less expensive homes
- Comins, MI: less expensive homes
- Combs, KY: less expensive homes
- Columbia, IA: equally priced homes
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