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

 

New Burnside, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the New Burnside area can be challenging. Home prices in New Burnside are now at a median cost of $113,705, lower than the Illinois average of $242,002.

The average cost of rent is $731/mo in New Burnside, primarily driven by the current value of real estate in the New Burnside area. While nearly 61.71% of residents own their homes outright in New Burnside, 3.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in New Burnside is $5,528 per month. Households that rent pay about 13.22% of their income on rent here. New Burnside's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.


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