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Affordable
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These days, finding an affordable place to live in the Nelson area can be challenging. Home prices in Nelson are now at a median cost of $196,120, lower than the Illinois average of $300,242.
The average cost of rent is $828/mo in Nelson, primarily driven by the current value of real estate in the Nelson area. In Nelson, 19.15% of households rent, and 56.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nelson is $6,412 per month. Households that rent pay about 12.91% of their income on rent here. Nelson’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prairieville, IL: higher priced homes
- Sterling, IL: less expensive homes
- Rock Falls, IL: less expensive homes
- Yeoward Addition, IL: less expensive homes
- Penrose, IL: higher priced homes
- Dixon, IL: less expensive homes
- Woosung, IL: higher priced homes
- Harmon, IL: higher priced homes
- Galt, IL: less expensive homes
- Como, IL: less expensive homes
Cities with Similar Populations
- Caryville, FL: less expensive homes
- West Bloomfield, NY: less expensive homes
- Weldona, CO: higher priced homes
- Cedarville, IL: less expensive homes
- Cedar Grove, IN: higher priced homes
- Cedar Creek, NE: higher priced homes
- Cecilton, MD: higher priced homes
- Catawba, KY: less expensive homes
- Casa Blanca, AZ: higher priced homes
- West Sumpter, MI: higher priced homes
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