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Affordable
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These days, finding an affordable place to live in the Mounds area can be challenging. Home prices in Mounds are now at a median cost of $91,974, lower than the Illinois average of $300,242.
The average cost of rent is $607/mo in Mounds, primarily driven by the current value of real estate in the Mounds area. In Mounds, 47.07% of households rent, and 75.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mounds is $2,961 per month. Households that rent pay about 20.51% of their income on rent here. Mounds’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
- Spencer Heights, IL: equally priced homes
- Mound City, IL: less expensive homes
- North Mounds, IL: higher priced homes
- Villa Ridge, IL: higher priced homes
- Klondike, IL: less expensive homes
- Pulaski, IL: higher priced homes
- Cache, IL: less expensive homes
- Cairo, IL: less expensive homes
- Olmsted, IL: equally priced homes
- Tamms, IL: equally priced homes
Cities with Similar Populations
- Downing, MO: higher priced homes
- Waverly Gables, OH: higher priced homes
- Weedpatch, CA: higher priced homes
- Flat Rock, GA: higher priced homes
- Fair Haven, NY: higher priced homes
- Ewing, MO: higher priced homes
- Epsilon, MI: higher priced homes
- Woodland, IL: higher priced homes
- East Galesburg, IL: higher priced homes
- Dupont, IN: higher priced homes
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