Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Phelps area can be challenging. Home prices in Phelps are now at a median cost of $250,597, higher than the Illinois average of $242,002.
The average cost of rent is $955/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. While nearly 34.16% of residents own their homes outright in Phelps, 21.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $8,591 per month. Households that rent pay about 11.12% of their income on rent here. Phelps's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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