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Affordable
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These days, finding an affordable place to live in the Medinah area can be challenging. Home prices in Medinah are now at a median cost of $466,573, higher than the Illinois average of $300,242.
The average cost of rent is $1,477/mo in Medinah, primarily driven by the current value of real estate in the Medinah area. In Medinah, 23.90% of households rent, and 43.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Medinah is $9,304 per month. Households that rent pay about 15.87% of their income on rent here. Medinah’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Roselle, IL: less expensive homes
- Itasca, IL: equally priced homes
- Bloomingdale, IL: less expensive homes
- Elk Grove Village, IL: less expensive homes
- Addison, IL: less expensive homes
- Glendale Heights, IL: less expensive homes
- Wood Dale, IL: less expensive homes
- Schaumburg, IL: less expensive homes
- Hanover Park, IL: less expensive homes
- Carol Stream, IL: less expensive homes
Cities with Similar Populations
- Abernathy, TX: less expensive homes
- Brooklyn, WI: less expensive homes
- Cleveland, AL: less expensive homes
- Cochranton, PA: less expensive homes
- David City, NE: less expensive homes
- Spencer, NY: less expensive homes
- Millersburg, OR: higher priced homes
- Monroe City, MO: less expensive homes
- Morenci, MI: less expensive homes
- Narragansett Pier, RI: higher priced homes
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