Home Price Key
Affordable
Average
Expensive
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 $79,984, lower than the Illinois average of $242,002.
The average cost of rent is $557/mo in New Haven, primarily driven by the current value of real estate in the New Haven area. While nearly 56.24% of residents own their homes outright in New Haven, 16.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Haven is $4,917 per month. Households that rent pay about 11.34% of their income on rent here. New Haven's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
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