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Affordable
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These days, finding an affordable place to live in the Mineral area can be challenging. Home prices in Mineral are now at a median cost of $187,676, lower than the Illinois average of $300,242.
The average cost of rent is $736/mo in Mineral, primarily driven by the current value of real estate in the Mineral area. In Mineral, 13.02% of households rent, and 47.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mineral is $6,563 per month. Households that rent pay about 11.22% of their income on rent here. Mineral’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Annawan, IL: less expensive homes
- Sheffield, IL: less expensive homes
- Neponset, IL: less expensive homes
- Osceola, IL: less expensive homes
- Thomas, IL: equally priced homes
- Atkinson, IL: less expensive homes
- Buda, IL: less expensive homes
- Kewanee, IL: less expensive homes
- Hooppole, IL: less expensive homes
- Manlius, IL: less expensive homes
Cities with Similar Populations
- Iron Junction, MN: higher priced homes
- Spratt, MI: less expensive homes
- Sperry, MO: higher priced homes
- South Egremont, MA: higher priced homes
- South Basehor, KS: higher priced homes
- South Amherst, MA: higher priced homes
- Junction, IL: less expensive homes
- Junction City, GA: less expensive homes
- Jones Crossroads, AL: higher priced homes
- Joan, AR: less expensive homes
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