The Most Affordable Neighborhoods in Lombardville, IL by Home Value

These days, finding an affordable place to live in the Lombardville area can be challenging. Home prices in Lombardville are now at a median cost of $103,124, lower than the Illinois average of $300,242.

The average cost of rent is $914/mo in Lombardville, primarily driven by the current value of real estate in the Lombardville area. In Lombardville, 17.62% of households rent, and 50.33% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lombardville is $5,464 per month. Households that rent pay about 16.72% of their income on rent here. Lombardville’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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