Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Olmsted area can be challenging. Home prices in Olmsted are now at a median cost of $81,134, lower than the Illinois average of $242,002.
The average cost of rent is $511/mo in Olmsted, primarily driven by the current value of real estate in the Olmsted area. While nearly 60.92% of residents own their homes outright in Olmsted, 17.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Olmsted is $4,905 per month. Households that rent pay about 10.41% of their income on rent here. Olmsted's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Villa Ridge, IL: equally priced homes
- New Grand Chain, IL: less expensive homes
- Pulaski, IL: equally priced homes
- Oscar, KY: higher priced homes
- Ullin, IL: equally priced homes
- Spencer Heights, IL: less expensive homes
- Mounds, IL: less expensive homes
- Grand Chain, IL: equally priced homes
- Perks, IL: equally priced homes
- Wetaug, IL: equally priced homes
Cities with Similar Populations
- Linden, IA: higher priced homes
- Lorenzo, GA: higher priced homes
- Longview, VA: higher priced homes
- Longdale, OK: higher priced homes
- Long Barn, CA: higher priced homes
- Adell, TX: higher priced homes
- Locust Corners, MI: higher priced homes
- Locktown, NJ: higher priced homes
- Lockridge, IA: equally priced homes
- Little Walnut, OH: higher priced homes
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