The Most Affordable Neighborhoods in Lowpoint, IL by Home Value

 

Lowpoint, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lowpoint area can be challenging. Home prices in Lowpoint are now at a median cost of $184,365, lower than the Illinois average of $242,002.

The average cost of rent is $959/mo in Lowpoint, primarily driven by the current value of real estate in the Lowpoint area. While nearly 44.02% of residents own their homes outright in Lowpoint, 5.72% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lowpoint is $5,650 per month. Households that rent pay about 16.97% of their income on rent here. Lowpoint's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.


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