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These days, finding an affordable place to live in the Ringwood area can be challenging. Home prices in Ringwood are now at a median cost of $320,044, higher than the Illinois average of $300,242.
The average cost of rent is $1,564/mo in Ringwood, primarily driven by the current value of real estate in the Ringwood area. In Ringwood, 11.56% of households rent, and 34.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ringwood is $9,915 per month. Households that rent pay about 15.77% of their income on rent here. Ringwood’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McCullom Lake, IL: less expensive homes
- Wonder Lake, IL: less expensive homes
- Johnsburg, IL: equally priced homes
- Solon Mills, IL: higher priced homes
- Greenwood, IL: equally priced homes
- Richmond, IL: higher priced homes
- Mchenry, IL: less expensive homes
- Pistakee Highlands, IL: less expensive homes
- Bull Valley, IL: equally priced homes
- Spring Grove, IL: higher priced homes
Cities with Similar Populations
- Lima, PA: higher priced homes
- Reeders, PA: equally priced homes
- Parshallville, MI: higher priced homes
- Mount Ida, AR: less expensive homes
- Mifflin, PA: less expensive homes
- Merrill, OR: equally priced homes
- May, TX: less expensive homes
- Marilla, NY: equally priced homes
- Agency, MO: less expensive homes
- Loose Creek, MO: less expensive homes
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