The Most Affordable Neighborhoods in Northbrook, IL by Home Value

 

Northbrook, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Northbrook area can be challenging. Home prices in Northbrook are now at a median cost of $521,644, higher than the Illinois average of $242,002.

The average cost of rent is $1,821/mo in Northbrook, primarily driven by the current value of real estate in the Northbrook area. While nearly 44.14% of residents own their homes outright in Northbrook, 22.01% rent.

Housing affordability isn’t just about home prices, though. The average household income in Northbrook is $10,754 per month. Households that rent pay about 16.93% of their income on rent here. Northbrook's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.


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