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Affordable
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These days, finding an affordable place to live in the Momence area can be challenging. Home prices in Momence are now at a median cost of $168,042, lower than the Illinois average of $300,242.
The average cost of rent is $916/mo in Momence, primarily driven by the current value of real estate in the Momence area. In Momence, 26.41% of households rent, and 50.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Momence is $5,637 per month. Households that rent pay about 16.24% of their income on rent here. Momence’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shadow Lawn, IL: less expensive homes
- Grant Park, IL: higher priced homes
- Sun River Terrace, IL: equally priced homes
- Illiana Heights, IL: equally priced homes
- St. George, IL: higher priced homes
- Hopkins Park, IL: less expensive homes
- Pembroke Township, IL: less expensive homes
- Momence, IN: higher priced homes
- Sherburnville, IL: higher priced homes
- Whitaker, IL: higher priced homes
Cities with Similar Populations
- Jeffersonville, KY: equally priced homes
- Jonesville, MI: equally priced homes
- Jonesboro, LA: less expensive homes
- Johnston City, IL: less expensive homes
- Johnsonville, SC: equally priced homes
- Johnson Lane, NV: higher priced homes
- Johnson, AR: higher priced homes
- Johnsburg, IL: higher priced homes
- Jermyn, PA: higher priced homes
- Jonesville, NC: less expensive homes
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