The Most Affordable Neighborhoods in Ridge Farm, IL by Home Value

 

Ridge Farm, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ridge Farm area can be challenging. Home prices in Ridge Farm are now at a median cost of $80,766, lower than the Illinois average of $242,002.

The average cost of rent is $740/mo in Ridge Farm, primarily driven by the current value of real estate in the Ridge Farm area. While nearly 50.61% of residents own their homes outright in Ridge Farm, 32.51% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ridge Farm is $4,221 per month. Households that rent pay about 17.52% of their income on rent here. Ridge Farm's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.


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