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Affordable
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These days, finding an affordable place to live in the Mount Olive area can be challenging. Home prices in Mount Olive are now at a median cost of $139,391, lower than the Illinois average of $300,242.
The average cost of rent is $771/mo in Mount Olive, primarily driven by the current value of real estate in the Mount Olive area. In Mount Olive, 18.95% of households rent, and 52.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mount Olive is $5,323 per month. Households that rent pay about 14.48% of their income on rent here. Mount Olive’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lake Ka-ho, IL: less expensive homes
- White City, IL: less expensive homes
- Sawyerville, IL: less expensive homes
- Eagarville, IL: less expensive homes
- Benld, IL: less expensive homes
- Staunton, IL: higher priced homes
- Mount Clare, IL: less expensive homes
- Walshville, IL: higher priced homes
- Gillespie, IL: less expensive homes
- Williamson, IL: higher priced homes
Cities with Similar Populations
- Siletz, OR: higher priced homes
- Montour Falls, NY: higher priced homes
- Morristown, IN: higher priced homes
- Pedricktown, NJ: higher priced homes
- Poland, OH: higher priced homes
- Port Royal, PA: higher priced homes
- Port Sulphur, LA: less expensive homes
- Portville, NY: less expensive homes
- Pownal, VT: higher priced homes
- Reedsville, WV: higher priced homes
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