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Affordable
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These days, finding an affordable place to live in the Prairie Grove area can be challenging. Home prices in Prairie Grove are now at a median cost of $413,827, higher than the Illinois average of $300,242.
The average cost of rent is $2,899/mo in Prairie Grove, primarily driven by the current value of real estate in the Prairie Grove area. In Prairie Grove, 15.89% of households rent, and 36.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prairie Grove is $10,623 per month. Households that rent pay about 27.29% of their income on rent here. Prairie Grove’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakwood Hills, IL: less expensive homes
- Holiday Hills, IL: less expensive homes
- Island Lake, IL: less expensive homes
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- Mchenry, IL: less expensive homes
- Cary, IL: less expensive homes
- Port Barrington, IL: less expensive homes
- Trout Valley, IL: less expensive homes
- Ridgefield, IL: less expensive homes
- Lakemoor, IL: less expensive homes
Cities with Similar Populations
- Sterling, OH: less expensive homes
- Manchester, NY: less expensive homes
- Manson, IA: less expensive homes
- Marlborough, NH: less expensive homes
- Meansville, GA: less expensive homes
- Melfa, VA: less expensive homes
- Menlo, GA: less expensive homes
- Monteagle, TN: less expensive homes
- Monticello, UT: less expensive homes
- Mount Hood-Parkdale, OR: higher priced homes
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