Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Loraine area can be challenging. Home prices in Loraine are now at a median cost of $111,154, lower than the Illinois average of $242,002.
The average cost of rent is $664/mo in Loraine, primarily driven by the current value of real estate in the Loraine area. While nearly 56.42% of residents own their homes outright in Loraine, 11.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Loraine is $4,778 per month. Households that rent pay about 13.90% of their income on rent here. Loraine's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Mendon, IL: less expensive homes
- West Point, IL: less expensive homes
- Tioga, IL: less expensive homes
- Coatsburg, IL: higher priced homes
- Paloma, IL: higher priced homes
- Lima, IL: higher priced homes
- Ursa, IL: higher priced homes
- Bowen, IL: less expensive homes
- Golden, IL: higher priced homes
- Camp Point, IL: equally priced homes
Cities with Similar Populations
- Center Rutland, VT: higher priced homes
- Churdan, IA: less expensive homes
- Chokio, MN: equally priced homes
- Choccolocco, AL: higher priced homes
- Chillicothe, TX: less expensive homes
- Chicora, MI: higher priced homes
- Chattanooga, OK: higher priced homes
- Charter Oak, IA: less expensive homes
- Chapin, NY: higher priced homes
- Central, UT: higher priced homes
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