Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Panola area can be challenging. Home prices in Panola are now at a median cost of $125,292, lower than the Illinois average of $242,002.
The average cost of rent is $828/mo in Panola, primarily driven by the current value of real estate in the Panola area. While nearly 34.47% of residents own their homes outright in Panola, 26.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Panola is $5,250 per month. Households that rent pay about 15.76% of their income on rent here. Panola's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Enright, IL: higher priced homes
- Woodford, IL: equally priced homes
- El Paso, IL: higher priced homes
- Spires, IL: equally priced homes
- Secor, IL: higher priced homes
- Benson, IL: less expensive homes
- Gridley, IL: equally priced homes
- Kappa, IL: higher priced homes
- Minonk, IL: less expensive homes
- Roanoke, IL: equally priced homes
Cities with Similar Populations
- Smithfield, WV: less expensive homes
- Mc Gee, MO: less expensive homes
- Shunk, PA: higher priced homes
- Sias, WV: less expensive homes
- Sierra City, CA: higher priced homes
- Silica, MN: higher priced homes
- Simmons, KY: less expensive homes
- Sims, AR: less expensive homes
- Sims, IL: less expensive homes
- Sioux Valley, MN: higher priced homes
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