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These days, finding an affordable place to live in the Loami area can be challenging. Home prices in Loami are now at a median cost of $180,430, lower than the Illinois average of $300,242.
The average cost of rent is $883/mo in Loami, primarily driven by the current value of real estate in the Loami area. In Loami, 15.29% of households rent, and 42.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loami is $6,536 per month. Households that rent pay about 13.51% of their income on rent here. Loami’s most expensive areas are in the northwestern 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
- New Berlin, IL: higher priced homes
- Curran, IL: higher priced homes
- Berlin, IL: higher priced homes
- Waverly, IL: less expensive homes
- Auburn, IL: equally priced homes
- Chatham, IL: higher priced homes
- Orleans, IL: less expensive homes
- Thayer, IL: less expensive homes
- Glenarm, IL: higher priced homes
- Rees, IL: less expensive homes
Cities with Similar Populations
- Alhambra, IL: higher priced homes
- Altamont, TN: less expensive homes
- Anita, IA: less expensive homes
- Ringwood, OK: less expensive homes
- Palisades, NY: higher priced homes
- Pine Meadow, CT: higher priced homes
- Pinesdale, MT: higher priced homes
- Primghar, IA: equally priced homes
- Quicksburg, VA: higher priced homes
- Ramah, NM: less expensive homes
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