Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mchenry area can be challenging. Home prices in Mchenry are now at a median cost of $222,735, lower than the Illinois average of $242,002.
The average cost of rent is $1,415/mo in Mchenry, primarily driven by the current value of real estate in the Mchenry area. While nearly 28.92% of residents own their homes outright in Mchenry, 19.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mchenry is $7,646 per month. Households that rent pay about 18.50% of their income on rent here. Mchenry's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- McCullom Lake, IL: less expensive homes
- Holiday Hills, IL: less expensive homes
- Johnsburg, IL: higher priced homes
- Lakemoor, IL: equally priced homes
- Prairie Grove, IL: higher priced homes
- Bull Valley, IL: higher priced homes
- Ringwood, IL: higher priced homes
- Wonder Lake, IL: less expensive homes
- Pistakee Highlands, IL: less expensive homes
- Island Lake, IL: equally priced homes
Cities with Similar Populations
- Torrington, CT: less expensive homes
- Golden Glades, FL: higher priced homes
- Greenville, TX: less expensive homes
- Hudsonville, MI: higher priced homes
- Hyde Park, MA: higher priced homes
- Inver Grove Heights, MN: higher priced homes
- Irmo, SC: equally priced homes
- Isabela, PR: less expensive homes
- Juncos, PR: less expensive homes
- Manchester, CT: less expensive homes
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