
Home Price Key
These days, finding an affordable place to live in the Paris area can be challenging. Home prices in Paris are now at a median cost of $84,501, lower than the Illinois average of $242,002.
The average cost of rent is $676/mo in Paris, primarily driven by the current value of real estate in the Paris area. While nearly 48.10% of residents own their homes outright in Paris, 30.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in Paris is $4,126 per month. Households that rent pay about 16.38% of their income on rent here. Paris's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
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