Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rankin area can be challenging. Home prices in Rankin are now at a median cost of $77,315, lower than the Illinois average of $242,002.
The average cost of rent is $685/mo in Rankin, primarily driven by the current value of real estate in the Rankin area. While nearly 42.90% of residents own their homes outright in Rankin, 21.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rankin is $4,712 per month. Households that rent pay about 14.54% of their income on rent here. Rankin's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Clarence, IL: higher priced homes
- East Lynn, IL: higher priced homes
- Reilly, IL: higher priced homes
- Cissna Park, IL: higher priced homes
- Claytonville, IL: higher priced homes
- Penfield, IL: higher priced homes
- Armstrong, IL: higher priced homes
- Paxton, IL: higher priced homes
- Potomac, IL: higher priced homes
- Loda, IL: higher priced homes
Cities with Similar Populations
- Leroy, TX: higher priced homes
- Woodlawn, LA: higher priced homes
- Woodville Hills, IN: higher priced homes
- Wyman, MI: higher priced homes
- Lost City, WV: higher priced homes
- Yakutat, AK: higher priced homes
- Yale, OH: higher priced homes
- Yale, VA: higher priced homes
- Yancey, TX: higher priced homes
- Leroy, WV: higher priced homes
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