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These days, finding an affordable place to live in the Philo area can be challenging. Home prices in Philo are now at a median cost of $257,339, lower than the Illinois average of $300,242.
The average cost of rent is $1,253/mo in Philo, primarily driven by the current value of real estate in the Philo area. In Philo, 8.71% of households rent, and 43.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Philo is $8,766 per month. Households that rent pay about 14.29% of their income on rent here. Philo’s most expensive areas are in the eastern 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.
Nearby Cities
- Sidney, IL: less expensive homes
- Tolono, IL: equally priced homes
- Savoy, IL: higher priced homes
- Urbana, IL: less expensive homes
- Pesotum, IL: less expensive homes
- Longview, IL: less expensive homes
- Villa Grove, IL: less expensive homes
- Champaign, IL: less expensive homes
- Broadlands, IL: less expensive homes
- St. Joseph, IL: equally priced homes
Cities with Similar Populations
- Wakefield, VA: less expensive homes
- Dewy Rose, GA: less expensive homes
- Dulzura, CA: higher priced homes
- Elkton, MI: less expensive homes
- Sunset, TX: higher priced homes
- Sweet Valley, PA: less expensive homes
- Traskwood, AR: less expensive homes
- Van Dyne, WI: equally priced homes
- Wakefield, MI: less expensive homes
- Applegate, MI: less expensive homes
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