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Affordable
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These days, finding an affordable place to live in the Loves Park area can be challenging. Home prices in Loves Park are now at a median cost of $167,052, lower than the Illinois average of $300,242.
The average cost of rent is $1,175/mo in Loves Park, primarily driven by the current value of real estate in the Loves Park area. In Loves Park, 39.88% of households rent, and 39.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loves Park is $6,131 per month. Households that rent pay about 19.17% of their income on rent here. Loves Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Machesney Park, IL: equally priced homes
- Rockford, IL: less expensive homes
- Caledonia, IL: higher priced homes
- Roscoe, IL: higher priced homes
- Cherry Valley, IL: higher priced homes
- Timberlane, IL: higher priced homes
- Poplar Grove, IL: higher priced homes
- Rockton, IL: higher priced homes
- Belvidere, IL: higher priced homes
- Hunter, IL: higher priced homes
Cities with Similar Populations
- Rockaway, NJ: higher priced homes
- Hummelstown, PA: higher priced homes
- Huntingdon Valley, PA: higher priced homes
- Ives Estates, FL: higher priced homes
- Jackson, MO: higher priced homes
- La Grange, KY: higher priced homes
- Londonderry, NH: higher priced homes
- Palomas, PR: less expensive homes
- Radcliff, KY: higher priced homes
- Raymore, MO: higher priced homes
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