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These days, finding an affordable place to live in the Lynwood area can be challenging. Home prices in Lynwood are now at a median cost of $209,077, lower than the Illinois average of $300,242.
The average cost of rent is $1,563/mo in Lynwood, primarily driven by the current value of real estate in the Lynwood area. In Lynwood, 26.85% of households rent, and 35.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lynwood is $8,152 per month. Households that rent pay about 19.17% of their income on rent here. Lynwood’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ford Heights, IL: less expensive homes
- Lansing, IL: less expensive homes
- Sauk Village, IL: less expensive homes
- Munster, IN: higher priced homes
- Dyer, IN: higher priced homes
- Glenwood, IL: equally priced homes
- Thornton, IL: less expensive homes
- Highland, IN: higher priced homes
- Chicago Heights, IL: less expensive homes
- South Holland, IL: equally priced homes
Cities with Similar Populations
- Tarentum, PA: less expensive homes
- Thorofare, NJ: higher priced homes
- Thompsonville, CT: equally priced homes
- Thermal, CA: higher priced homes
- The Village, OK: higher priced homes
- The Hills, TX: higher priced homes
- Terryville, CT: higher priced homes
- Terry, MS: equally priced homes
- Terrebonne, OR: higher priced homes
- Terrace Heights, WA: higher priced homes
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