The Most Affordable Neighborhoods in Mount Carbon, IL by Home Value

 

Mount Carbon, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mount Carbon area can be challenging. Home prices in Mount Carbon are now at a median cost of $117,236, lower than the Illinois average of $242,002.

The average cost of rent is $654/mo in Mount Carbon, primarily driven by the current value of real estate in the Mount Carbon area. While nearly 54.92% of residents own their homes outright in Mount Carbon, 29.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Mount Carbon is $3,370 per month. Households that rent pay about 19.42% of their income on rent here. Mount Carbon's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.


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