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Affordable
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These days, finding an affordable place to live in the Orleans area can be challenging. Home prices in Orleans are now at a median cost of $159,875, lower than the Illinois average of $300,242.
The average cost of rent is $962/mo in Orleans, primarily driven by the current value of real estate in the Orleans area. In Orleans, 16.36% of households rent, and 53.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Orleans is $7,280 per month. Households that rent pay about 13.22% of their income on rent here. Orleans’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central 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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