The Most Affordable Neighborhoods in Reeds Station, IL by Home Value

 

Reeds Station, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Reeds Station area can be challenging. Home prices in Reeds Station are now at a median cost of $183,784, lower than the Illinois average of $242,002.

The average cost of rent is $750/mo in Reeds Station, primarily driven by the current value of real estate in the Reeds Station area. While nearly 45.66% of residents own their homes outright in Reeds Station, 25.98% rent.

Housing affordability isn’t just about home prices, though. The average household income in Reeds Station is $6,468 per month. Households that rent pay about 11.60% of their income on rent here. Reeds Station's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.


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