
Home Price Key
These days, finding an affordable place to live in the New Grand Chain area can be challenging. Home prices in New Grand Chain are now at a median cost of $56,884, lower than the Illinois average of $242,002.
The average cost of rent is $494/mo in New Grand Chain, primarily driven by the current value of real estate in the New Grand Chain area. While nearly 61.23% of residents own their homes outright in New Grand Chain, 11.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Grand Chain is $3,732 per month. Households that rent pay about 13.24% of their income on rent here. New Grand Chain's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
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