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These days, finding an affordable place to live in the Nebo area can be challenging. Home prices in Nebo are now at a median cost of $91,550, lower than the Illinois average of $300,242.
The average cost of rent is $909/mo in Nebo, primarily driven by the current value of real estate in the Nebo area. In Nebo, 9.59% of households rent, and 59.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nebo is $5,194 per month. Households that rent pay about 17.50% of their income on rent here. Nebo’s most expensive areas are in the southeastern 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
- Pleasant Hill, IL: equally priced homes
- Old Pearl, IL: higher priced homes
- Martinsburg, IL: higher priced homes
- Independence, IL: higher priced homes
- Mozier, IL: higher priced homes
- Pearl, IL: higher priced homes
- Bee Creek, IL: higher priced homes
- Time, IL: higher priced homes
- Summer Hill, IL: higher priced homes
- Clarksville, MO: higher priced homes
Cities with Similar Populations
- Sylvan, MN: higher priced homes
- David, KY: higher priced homes
- Defiance, IA: higher priced homes
- Dixie, VA: higher priced homes
- Douglas, TN: higher priced homes
- Dulles, VA: higher priced homes
- Emmons, MN: higher priced homes
- Sugar Grove, WI: higher priced homes
- Suwannee Springs, FL: higher priced homes
- Curdsville, VA: higher priced homes
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