The Most Affordable Neighborhoods in McCullom Lake, IL by Home Value

 

McCullom Lake, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the McCullom Lake area can be challenging. Home prices in McCullom Lake are now at a median cost of $193,293, lower than the Illinois average of $300,242.

The average cost of rent is $1,474/mo in McCullom Lake, primarily driven by the current value of real estate in the McCullom Lake area. In McCullom Lake, 15.58% of households rent, and 38.85% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in McCullom Lake is $7,488 per month. Households that rent pay about 19.69% of their income on rent here. McCullom Lake’s most expensive areas are in the northeastern 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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