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These days, finding an affordable place to live in the Nottingham Woods area can be challenging. Home prices in Nottingham Woods are now at a median cost of $425,163, higher than the Illinois average of $300,242.
The average cost of rent is $1,497/mo in Nottingham Woods, primarily driven by the current value of real estate in the Nottingham Woods area. In Nottingham Woods, 6.38% of households rent, and 36.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Nottingham Woods is $11,421 per month. Households that rent pay about 13.11% of their income on rent here. Nottingham Woods’s most expensive areas are in the southwestern 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.
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