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These days, finding an affordable place to live in the New Milford area can be challenging. Home prices in New Milford are now at a median cost of $181,619, lower than the Illinois average of $300,242.
The average cost of rent is $1,032/mo in New Milford, primarily driven by the current value of real estate in the New Milford area. In New Milford, 7.91% of households rent, and 50.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Milford is $7,356 per month. Households that rent pay about 14.03% of their income on rent here. New Milford’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morristown, IL: less expensive homes
- Rockford, IL: less expensive homes
- Davis Junction, IL: equally priced homes
- Monroe Center, IL: higher priced homes
- Cherry Valley, IL: higher priced homes
- Stillman Valley, IL: higher priced homes
- Holcomb, IL: equally priced homes
- Irene, IL: higher priced homes
- Lindenwood, IL: equally priced homes
- Loves Park, IL: equally priced homes
Cities with Similar Populations
- Bettsville, OH: less expensive homes
- Upper Wheatfields, AZ: less expensive homes
- Verdi, TX: higher priced homes
- West Union, IL: less expensive homes
- Waccabuc, NY: higher priced homes
- Buckland, OH: higher priced homes
- Condon, OR: less expensive homes
- Washington, CT: higher priced homes
- Box, OK: less expensive homes
- Blue River, OR: higher priced homes
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