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These days, finding an affordable place to live in the Lombard area can be challenging. Home prices in Lombard are now at a median cost of $344,435, higher than the Illinois average of $300,242.
The average cost of rent is $1,908/mo in Lombard, primarily driven by the current value of real estate in the Lombard area. In Lombard, 29.64% of households rent, and 34.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lombard is $8,707 per month. Households that rent pay about 21.91% of their income on rent here. Lombard’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Villa Park, IL: less expensive homes
- Glen Ellyn, IL: higher priced homes
- Oakbrook Terrace, IL: equally priced homes
- Oak Brook, IL: higher priced homes
- Elmhurst, IL: higher priced homes
- Addison, IL: equally priced homes
- Glendale Heights, IL: less expensive homes
- Wheaton, IL: higher priced homes
- Berkeley, IL: less expensive homes
- Downers Grove, IL: higher priced homes
Cities with Similar Populations
- Sherman Oaks, CA: higher priced homes
- Asheboro, NC: less expensive homes
- New Castle, DE: less expensive homes
- New Iberia, LA: less expensive homes
- Ocoee, FL: higher priced homes
- Olive Branch, MS: less expensive homes
- Palm Desert, CA: higher priced homes
- Panorama City, CA: higher priced homes
- Portage, MI: less expensive homes
- Princeton, NJ: higher priced homes
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