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These days, finding an affordable place to live in the New Haven area can be challenging. Home prices in New Haven are now at a median cost of $96,141, lower than the Illinois average of $300,242.
The average cost of rent is $645/mo in New Haven, primarily driven by the current value of real estate in the New Haven area. In New Haven, 19.25% of households rent, and 64.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Haven is $4,919 per month. Households that rent pay about 13.12% of their income on rent here. New Haven’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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