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Affordable
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These days, finding an affordable place to live in the O'Fallon area can be challenging. Home prices in O'Fallon are now at a median cost of $287,587, lower than the Illinois average of $300,242.
The average cost of rent is $1,554/mo in O'Fallon, primarily driven by the current value of real estate in the O'Fallon area. In O'Fallon, 30.60% of households rent, and 28.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in O'Fallon is $10,100 per month. Households that rent pay about 15.38% of their income on rent here. O'Fallon’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Lumaghi Heights, IL: higher priced homes
- Scott Air Force Base, IL: equally priced homes
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Cities with Similar Populations
- Fountain, CO: higher priced homes
- Dawsonville, GA: higher priced homes
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- Dinuba, CA: equally priced homes
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- Elgin, SC: equally priced homes
- Elkhorn, NE: higher priced homes
- Elmira, NY: less expensive homes
- Endicott, NY: less expensive homes
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