Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Machesney Park area can be challenging. Home prices in Machesney Park are now at a median cost of $129,816, lower than the Illinois average of $242,002.
The average cost of rent is $1,071/mo in Machesney Park, primarily driven by the current value of real estate in the Machesney Park area. While nearly 29.76% of residents own their homes outright in Machesney Park, 22.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in Machesney Park is $5,964 per month. Households that rent pay about 17.95% of their income on rent here. Machesney Park's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Loves Park, IL: equally priced homes
- Roscoe, IL: higher priced homes
- Caledonia, IL: higher priced homes
- Rockford, IL: less expensive homes
- Rockton, IL: higher priced homes
- South Beloit, IL: equally priced homes
- Timberlane, IL: higher priced homes
- Cherry Valley, IL: higher priced homes
- Hunter, IL: higher priced homes
- Poplar Grove, IL: higher priced homes
Cities with Similar Populations
- Siloam Springs, AR: higher priced homes
- Forest, VA: higher priced homes
- Fort Walton Beach, FL: higher priced homes
- Fountain Hills, AZ: higher priced homes
- Fountain Inn, SC: higher priced homes
- Frankfort, IL: higher priced homes
- Gainesville, TX: higher priced homes
- Goodlettsville, TN: higher priced homes
- Seymour, TN: higher priced homes
- Short Pump, VA: higher priced homes
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