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These days, finding an affordable place to live in the Park City area can be challenging. Home prices in Park City are now at a median cost of $204,312, lower than the Illinois average of $300,242.
The average cost of rent is $1,381/mo in Park City, primarily driven by the current value of real estate in the Park City area. In Park City, 34.92% of households rent, and 60.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park City is $5,993 per month. Households that rent pay about 23.04% of their income on rent here. Park City’s most expensive areas are in the northwestern 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.
Nearby Cities
- Waukegan, IL: equally priced homes
- North Chicago, IL: less expensive homes
- Gurnee, IL: higher priced homes
- Green Oaks, IL: higher priced homes
- Great Lakes, IL: higher priced homes
- Gages Lake, IL: higher priced homes
- Lake Bluff, IL: higher priced homes
- Beach Park, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Wadsworth, IL: higher priced homes
Cities with Similar Populations
- Smithsburg, MD: higher priced homes
- Inverness, IL: higher priced homes
- Inwood, FL: less expensive homes
- Iowa, LA: higher priced homes
- Iowa Park, TX: less expensive homes
- Iron Station, NC: higher priced homes
- Irvington, NY: higher priced homes
- Island Lake, IL: higher priced homes
- Skaneateles, NY: higher priced homes
- Skillman, NJ: higher priced homes
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