The Most Affordable Neighborhoods in Old Mill Creek, IL by Home Value

 

Old Mill Creek, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Mill Creek area can be challenging. Home prices in Old Mill Creek are now at a median cost of $352,639, higher than the Illinois average of $242,002.

The average cost of rent is $1,410/mo in Old Mill Creek, primarily driven by the current value of real estate in the Old Mill Creek area. While nearly 14.64% of residents own their homes outright in Old Mill Creek, 6.72% rent.

Housing affordability isn’t just about home prices, though. The average household income in Old Mill Creek is $14,475 per month. Households that rent pay about 9.74% of their income on rent here. Old Mill Creek's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.


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