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These days, finding an affordable place to live in the Northlake area can be challenging. Home prices in Northlake are now at a median cost of $247,404, lower than the Illinois average of $300,242.
The average cost of rent is $1,700/mo in Northlake, primarily driven by the current value of real estate in the Northlake area. In Northlake, 26.60% of households rent, and 39.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northlake is $6,761 per month. Households that rent pay about 25.15% of their income on rent here. Northlake’s most expensive areas are in the western 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
- Stone Park, IL: equally priced homes
- Melrose Park, IL: equally priced homes
- Berkeley, IL: equally priced homes
- Franklin Park, IL: higher priced homes
- Bellwood, IL: equally priced homes
- Elmhurst, IL: higher priced homes
- Hillside, IL: equally priced homes
- River Grove, IL: equally priced homes
- Schiller Park, IL: higher priced homes
- Bensenville, IL: higher priced homes
Cities with Similar Populations
- Woodland Park, NJ: higher priced homes
- Baxley, GA: less expensive homes
- Bay Minette, AL: less expensive homes
- Bay St. Louis, MS: equally priced homes
- Beatrice, NE: less expensive homes
- Beebe, AR: less expensive homes
- Borger, TX: less expensive homes
- Bound Brook, NJ: higher priced homes
- Winfield, IL: higher priced homes
- Winnetka, IL: higher priced homes
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