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These days, finding an affordable place to live in the New Minden area can be challenging. Home prices in New Minden are now at a median cost of $173,500, lower than the Illinois average of $300,242.
The average cost of rent is $850/mo in New Minden, primarily driven by the current value of real estate in the New Minden area. In New Minden, 8.47% of households rent, and 41.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Minden is $7,147 per month. Households that rent pay about 11.89% of their income on rent here. New Minden’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huegely, IL: equally priced homes
- Posey, IL: equally priced homes
- Hoyleton, IL: less expensive homes
- Frogtown, IL: equally priced homes
- Nashville, IL: equally priced homes
- Todds Mill, IL: equally priced homes
- Bartelso, IL: higher priced homes
- Okawville, IL: equally priced homes
- Hoffman, IL: less expensive homes
- Richview, IL: less expensive homes
Cities with Similar Populations
- Wachapreague, VA: equally priced homes
- Danieltown, VA: higher priced homes
- Daus, TN: higher priced homes
- Death Valley Junction, CA: less expensive homes
- Degnan, OK: less expensive homes
- Del Sur, CA: higher priced homes
- Veedum, WI: higher priced homes
- Vernon, IL: equally priced homes
- Vernon, UT: higher priced homes
- Verona, AR: less expensive homes
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