The Most Affordable Neighborhoods in Olympia Fields, IL by Home Value

 

Olympia Fields, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Olympia Fields area can be challenging. Home prices in Olympia Fields are now at a median cost of $313,541, higher than the Illinois average of $300,242.

The average cost of rent is $2,883/mo in Olympia Fields, primarily driven by the current value of real estate in the Olympia Fields area. In Olympia Fields, 15.93% of households rent, and 20.91% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Olympia Fields is $9,087 per month. Households that rent pay about 31.73% of their income on rent here. Olympia Fields’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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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