Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rio area can be challenging. Home prices in Rio are now at a median cost of $102,040, lower than the Illinois average of $242,002.
The average cost of rent is $646/mo in Rio, primarily driven by the current value of real estate in the Rio area. While nearly 51.71% of residents own their homes outright in Rio, 6.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rio is $5,989 per month. Households that rent pay about 10.78% of their income on rent here. Rio's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Henderson Grove, IL: higher priced homes
- North Henderson, IL: less expensive homes
- Henderson, IL: higher priced homes
- Alpha, IL: higher priced homes
- Shanghai City, IL: less expensive homes
- Wataga, IL: less expensive homes
- Woodhull, IL: higher priced homes
- New Windsor, IL: equally priced homes
- Windsor Mercer County, IL: equally priced homes
- Oneida, IL: equally priced homes
Cities with Similar Populations
- Laurelhill, MS: less expensive homes
- Little Walnut, OH: higher priced homes
- Little Creek, MS: higher priced homes
- Lind Cove, CA: higher priced homes
- Letts, IN: higher priced homes
- Lees Station, TN: higher priced homes
- Lee, IL: higher priced homes
- Lechee, AZ: higher priced homes
- Leapwood, TN: equally priced homes
- Six Mile Run, PA: less expensive homes
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