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These days, finding an affordable place to live in the Joliet area can be challenging. Home prices in Joliet are now at a median cost of $224,771, lower than the Illinois average of $300,242.
The average cost of rent is $1,443/mo in Joliet, primarily driven by the current value of real estate in the Joliet area. In Joliet, 31.15% of households rent, and 37.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Joliet is $6,976 per month. Households that rent pay about 20.69% of their income on rent here. Joliet’s most expensive areas are in the northwestern 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
- Rockdale, IL: less expensive homes
- Crest Hill, IL: equally priced homes
- Shorewood, IL: higher priced homes
- Lockport, IL: higher priced homes
- Romeoville, IL: higher priced homes
- Plainfield, IL: higher priced homes
- Elwood, IL: higher priced homes
- New Lenox, IL: higher priced homes
- Channahon, IL: higher priced homes
- Minooka, IL: higher priced homes
Cities with Similar Populations
- Provo, UT: higher priced homes
- Pleasanton, CA: higher priced homes
- Perris, CA: higher priced homes
- Porterville, CA: higher priced homes
- Pittsburg, CA: higher priced homes
- Phoenix, AZ: higher priced homes
- Plymouth, MN: higher priced homes
- Plainfield, IL: higher priced homes
- Plano, TX: higher priced homes
- Philadelphia, PA: higher priced homes
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