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These days, finding an affordable place to live in the Mill Shoals area can be challenging. Home prices in Mill Shoals are now at a median cost of $95,748, lower than the Illinois average of $300,242.
The average cost of rent is $785/mo in Mill Shoals, primarily driven by the current value of real estate in the Mill Shoals area. In Mill Shoals, 12.37% of households rent, and 67.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mill Shoals is $3,779 per month. Households that rent pay about 20.78% of their income on rent here. Mill Shoals’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.
Nearby Cities
- Barnhill, IL: higher priced homes
- Burnt Prairie, IL: equally priced homes
- Springerton, IL: higher priced homes
- Merriam, IL: higher priced homes
- Golden Gate, IL: equally priced homes
- Fairfield, IL: equally priced homes
- Enfield, IL: equally priced homes
- Centerville, IL: equally priced homes
- Thackeray, IL: higher priced homes
- Ellery, IL: higher priced homes
Cities with Similar Populations
- Salt Sulphur Springs, WV: higher priced homes
- Milford, CA: higher priced homes
- Mill Spring, MO: equally priced homes
- Millard, WI: higher priced homes
- Milldale, TN: higher priced homes
- Millstone, WV: higher priced homes
- Rockvale, MT: higher priced homes
- Roeton, AL: higher priced homes
- Ruple, LA: less expensive homes
- Rye Beach, NH: higher priced homes
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