Home Price Key
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These days, finding an affordable place to live in the New Hanover area can be challenging. Home prices in New Hanover are now at a median cost of $260,638, higher than the Illinois average of $242,002.
The average cost of rent is $980/mo in New Hanover, primarily driven by the current value of real estate in the New Hanover area. While nearly 44.15% of residents own their homes outright in New Hanover, 18.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Hanover is $8,402 per month. Households that rent pay about 11.67% of their income on rent here. New Hanover's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Columbia, IL: equally priced homes
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Cities with Similar Populations
- Victory City, TX: less expensive homes
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- Doty, WA: equally priced homes
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- Valley Hill, MS: less expensive homes
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- Vanatta, OH: less expensive homes
- Vanduser, MO: less expensive homes
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