The Most Affordable Neighborhoods in Mound City, IL by Home Value

 

Mound City, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mound City area can be challenging. Home prices in Mound City are now at a median cost of $52,900, lower than the Illinois average of $300,242.

The average cost of rent is $775/mo in Mound City, primarily driven by the current value of real estate in the Mound City area. In Mound City, 52.47% of households rent, and 68.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mound City is $4,544 per month. Households that rent pay about 17.05% of their income on rent here. Mound City’s most expensive areas are in the central 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.


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