Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lerna area can be challenging. Home prices in Lerna are now at a median cost of $169,657, lower than the Illinois average of $242,002.
The average cost of rent is $868/mo in Lerna, primarily driven by the current value of real estate in the Lerna area. While nearly 48.13% of residents own their homes outright in Lerna, 13.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lerna is $5,917 per month. Households that rent pay about 14.67% of their income on rent here. Lerna's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Janesville, IL: less expensive homes
- Trilla, IL: less expensive homes
- Loxa, IL: less expensive homes
- Mattoon, IL: less expensive homes
- Magnet, IL: equally priced homes
- Charleston, IL: less expensive homes
- Hutton, IL: equally priced homes
- Paradise, IL: less expensive homes
- Toledo, IL: less expensive homes
- Maple Point, IL: less expensive homes
Cities with Similar Populations
- Hooversville, PA: less expensive homes
- St. Charles, IA: higher priced homes
- Southwest Harbor, ME: higher priced homes
- Lemmon, SD: less expensive homes
- Lake Lindsey, FL: higher priced homes
- Lake Andes, SD: less expensive homes
- Ladd, IL: less expensive homes
- Lacota, MI: equally priced homes
- Kirklin, IN: less expensive homes
- Kamilche, WA: higher priced homes
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