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Affordable
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These days, finding an affordable place to live in the Lumaghi Heights area can be challenging. Home prices in Lumaghi Heights are now at a median cost of $342,606, higher than the Illinois average of $300,242.
The average cost of rent is $1,319/mo in Lumaghi Heights, primarily driven by the current value of real estate in the Lumaghi Heights area. In Lumaghi Heights, 5.09% of households rent, and 29.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lumaghi Heights is $10,187 per month. Households that rent pay about 12.95% of their income on rent here. Lumaghi Heights’s most expensive areas are in the central regions, while the cheapest areas are in the central 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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