The Most Affordable Neighborhoods in Old Pearl, IL by Home Value

 

Old Pearl, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Pearl area can be challenging. Home prices in Old Pearl are now at a median cost of $89,400, lower than the Illinois average of $242,002.

The average cost of rent is $1,000/mo in Old Pearl, primarily driven by the current value of real estate in the Old Pearl area. While nearly 54.21% of residents own their homes outright in Old Pearl, 9.30% rent.

Housing affordability isn’t just about home prices, though. The average household income in Old Pearl is $4,295 per month. Households that rent pay about 23.28% of their income on rent here. Old Pearl's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.


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