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These days, finding an affordable place to live in the Mount Erie area can be challenging. Home prices in Mount Erie are now at a median cost of $119,758, lower than the Illinois average of $300,242.
The average cost of rent is $802/mo in Mount Erie, primarily driven by the current value of real estate in the Mount Erie area. In Mount Erie, 10.61% of households rent, and 75.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Erie is $4,105 per month. Households that rent pay about 19.54% of their income on rent here. Mount Erie’s most expensive areas are in the western 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
- Toms Prairie, IL: higher priced homes
- Enterprise, IL: equally priced homes
- Wynoose, IL: equally priced homes
- Black, IL: equally priced homes
- Jeffersonville, IL: less expensive homes
- Merriam, IL: equally priced homes
- West Salem, IL: less expensive homes
- Cisne, IL: less expensive homes
- Ellery, IL: equally priced homes
- Fairfield, IL: less expensive homes
Cities with Similar Populations
- Lehigh, IL: higher priced homes
- St. Joseph, PA: higher priced homes
- Sparksville, KY: higher priced homes
- Machen, GA: higher priced homes
- Lookeba, OK: higher priced homes
- London, OR: higher priced homes
- Locustville, VA: higher priced homes
- Live Oak Springs, CA: higher priced homes
- Little Rock, AL: higher priced homes
- Linkville, MI: higher priced homes
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