Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Magnet area can be challenging. Home prices in Magnet are now at a median cost of $167,311, lower than the Illinois average of $242,002.
The average cost of rent is $689/mo in Magnet, primarily driven by the current value of real estate in the Magnet area. While nearly 58.97% of residents own their homes outright in Magnet, 20.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Magnet is $6,146 per month. Households that rent pay about 11.21% of their income on rent here. Magnet's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Mattoon, IL: less expensive homes
- Paradise, IL: less expensive homes
- Gays, IL: less expensive homes
- Trilla, IL: less expensive homes
- Lerna, IL: equally priced homes
- Neoga, IL: less expensive homes
- Loxa, IL: less expensive homes
- Janesville, IL: less expensive homes
- Humboldt, IL: equally priced homes
- Allenville, IL: higher priced homes
Cities with Similar Populations
- Darlington, AL: higher priced homes
- Cobalt, ID: higher priced homes
- Coburg, KY: less expensive homes
- Coffey, MO: less expensive homes
- Colbert Heights, AL: less expensive homes
- Comfort, NC: less expensive homes
- Concord, NE: less expensive homes
- Concord, TX: less expensive homes
- Congo, AL: less expensive homes
- Corbet, TX: less expensive homes
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