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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 $213,710, lower than the Illinois average of $300,242.
The average cost of rent is $827/mo in Lerna, primarily driven by the current value of real estate in the Lerna area. In Lerna, 7.91% of households rent, and 46.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lerna is $8,152 per month. Households that rent pay about 10.15% of their income on rent here. Lerna’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
- Janesville, IL: less expensive homes
- Trilla, IL: less expensive homes
- Loxa, IL: less expensive homes
- Mattoon, IL: less expensive homes
- Magnet, IL: higher priced homes
- Charleston, IL: less expensive homes
- Hutton, IL: less expensive homes
- Paradise, IL: equally priced 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: higher priced homes
- Kirklin, IN: less expensive homes
- Kamilche, WA: higher priced homes
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