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

 

Mount Carroll, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mount Carroll area can be challenging. Home prices in Mount Carroll are now at a median cost of $108,570, lower than the Illinois average of $300,242.

The average cost of rent is $744/mo in Mount Carroll, primarily driven by the current value of real estate in the Mount Carroll area. In Mount Carroll, 28.22% of households rent, and 44.36% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Carroll is $4,839 per month. Households that rent pay about 15.37% of their income on rent here. Mount Carroll’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.


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