Expensive
Affordable
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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 $135,143, lower than the Illinois average of $300,242.
The average cost of rent is $752/mo in Rio, primarily driven by the current value of real estate in the Rio area. In Rio, 10.52% of households rent, and 49.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rio is $8,963 per month. Households that rent pay about 8.39% of their income on rent here. Rio’s most expensive areas are in the southwestern 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
- Henderson Grove, IL: higher priced homes
- North Henderson, IL: less expensive homes
- Henderson, IL: higher priced homes
- Alpha, IL: equally priced homes
- Shanghai City, IL: less expensive homes
- Wataga, IL: less expensive homes
- Woodhull, IL: equally priced homes
- New Windsor, IL: less expensive 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: less expensive 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: less expensive homes
- Six Mile Run, PA: less expensive homes
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