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These days, finding an affordable place to live in the Renault area can be challenging. Home prices in Renault are now at a median cost of $204,600, lower than the Illinois average of $300,242.
The average cost of rent is $892/mo in Renault, primarily driven by the current value of real estate in the Renault area. In Renault, 18.13% of households rent, and 48.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Renault is $7,572 per month. Households that rent pay about 11.78% of their income on rent here. Renault’s most expensive areas are in the central 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
- Kidd, IL: less expensive homes
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- Ruma, IL: less expensive homes
- Red Bud, IL: equally priced homes
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- Prairie, IL: less expensive homes
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Cities with Similar Populations
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- New Dixie, AR: less expensive homes
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- Newhope, MO: less expensive homes
- Newtonville, IN: equally priced homes
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- Round Prairie, IL: less expensive homes
- Sandstone, WV: less expensive homes
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