The Most Affordable Neighborhoods in New Baden, IL by Home Value

 

New Baden, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Baden area can be challenging. Home prices in New Baden are now at a median cost of $168,979, lower than the Illinois average of $242,002.

The average cost of rent is $1,000/mo in New Baden, primarily driven by the current value of real estate in the New Baden area. While nearly 43.84% of residents own their homes outright in New Baden, 32.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Baden is $7,124 per month. Households that rent pay about 14.04% of their income on rent here. New Baden's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.


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