Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Bedford area can be challenging. Home prices in New Bedford are now at a median cost of $122,862, lower than the Illinois average of $242,002.
The average cost of rent is $973/mo in New Bedford, primarily driven by the current value of real estate in the New Bedford area. While nearly 42.90% of residents own their homes outright in New Bedford, 29.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Bedford is $5,012 per month. Households that rent pay about 19.40% of their income on rent here. New Bedford's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Thomas, IL: higher priced homes
- Manlius, IL: less expensive homes
- Walnut, IL: less expensive homes
- Yorktown, IL: higher priced homes
- Deer Grove, IL: higher priced homes
- Tampico, IL: less expensive homes
- Sheffield, IL: less expensive homes
- Hooppole, IL: higher priced homes
- Mineral, IL: equally priced homes
- Annawan, IL: equally priced homes
Cities with Similar Populations
- Fort Covington Center, NY: less expensive homes
- Sulphur Springs, OH: higher priced homes
- Gilchrist, TN: less expensive homes
- Georgia, NJ: higher priced homes
- Georgeville, PA: higher priced homes
- Ged, LA: higher priced homes
- Gaylord, OR: higher priced homes
- Gauley Mills, WV: less expensive homes
- Garrattsville, NY: higher priced homes
- Galesburg, ND: higher priced homes
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