Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Memphis area can be challenging. Home prices in New Memphis are now at a median cost of $151,987, lower than the Illinois average of $242,002.
The average cost of rent is $1,161/mo in New Memphis, primarily driven by the current value of real estate in the New Memphis area. While nearly 51.19% of residents own their homes outright in New Memphis, 25.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Memphis is $5,617 per month. Households that rent pay about 20.66% of their income on rent here. New Memphis's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Venedy, IL: equally priced homes
- New Baden, IL: higher priced homes
- Damiansville, IL: equally priced homes
- Mascoutah, IL: higher priced homes
- St. Libory, IL: equally priced homes
- Albers, IL: higher priced homes
- Fayetteville, IL: equally priced homes
- Okawville, IL: less expensive homes
- Stone Church, IL: higher priced homes
- Addieville, IL: higher priced homes
Cities with Similar Populations
- Wing, AL: less expensive homes
- Big Creek, KY: less expensive homes
- Boiceville, NY: higher priced homes
- Bowen, IL: less expensive homes
- Westwood, OH: higher priced homes
- White Cottage, OH: equally priced homes
- White Creek, WI: less expensive homes
- White Lake, SD: less expensive homes
- Wiergate, TX: less expensive homes
- Wilda, VA: higher priced homes
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