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Affordable
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These days, finding an affordable place to live in the Lane area can be challenging. Home prices in Lane are now at a median cost of $160,840, lower than the Illinois average of $300,242.
The average cost of rent is $829/mo in Lane, primarily driven by the current value of real estate in the Lane area. In Lane, 19.23% of households rent, and 42.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lane is $5,978 per month. Households that rent pay about 13.87% of their income on rent here. Lane’s most expensive areas are in the northeastern 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
- Dewitt, IL: higher priced homes
- Weldon, IL: equally priced homes
- Clinton, IL: less expensive homes
- Ospur, IL: higher priced homes
- Wapella, IL: equally priced homes
- Parnell, IL: equally priced homes
- Jenkins, IL: equally priced homes
- Maroa, IL: higher priced homes
- DeLand, IL: less expensive homes
- Farmer City, IL: equally priced homes
Cities with Similar Populations
- Skerry, NY: equally priced homes
- Shady Hills, IN: equally priced homes
- Sherwood Shores, KY: higher priced homes
- Shiloh, SC: less expensive homes
- Shirley, WI: higher priced homes
- Shorewood, OR: higher priced homes
- Sikes, LA: less expensive homes
- Silver Beach, WA: higher priced homes
- Skamokawa, WA: higher priced homes
- Ninemile, MT: higher priced homes
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