Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorenzo area can be challenging. Home prices in Lorenzo are now at a median cost of $315,407, higher than the Illinois average of $242,002.
The average cost of rent is $1,060/mo in Lorenzo, primarily driven by the current value of real estate in the Lorenzo area. While nearly 39.43% of residents own their homes outright in Lorenzo, 6.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorenzo is $9,485 per month. Households that rent pay about 11.17% of their income on rent here. Lorenzo's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Eileen, IL: less expensive homes
- Carbon Hill, IL: equally priced homes
- Diamond, IL: less expensive homes
- Coal City, IL: less expensive homes
- Channahon, IL: less expensive homes
- Braidwood, IL: less expensive homes
- Minooka, IL: less expensive homes
- Lakewood Shores, IL: less expensive homes
- Wilmington, IL: less expensive homes
- Godley, IL: less expensive homes
Cities with Similar Populations
- Jutland, NJ: higher priced homes
- Holmes Mill, KY: less expensive homes
- Homestead, MT: less expensive homes
- Honaunau, HI: higher priced homes
- Hopper, AR: less expensive homes
- Houston, IL: less expensive homes
- Hubbell, NE: less expensive homes
- Imogene, MN: less expensive homes
- Industry, AL: less expensive homes
- Inland, NE: less expensive homes
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