The Most Affordable Neighborhoods in Red Bud, IL by Home Value

 

Red Bud, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Red Bud area can be challenging. Home prices in Red Bud are now at a median cost of $151,657, lower than the Illinois average of $242,002.

The average cost of rent is $829/mo in Red Bud, primarily driven by the current value of real estate in the Red Bud area. While nearly 43.08% of residents own their homes outright in Red Bud, 26.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in Red Bud is $5,561 per month. Households that rent pay about 14.92% of their income on rent here. Red Bud's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.


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