The Most Affordable Neighborhoods in Riverside, IL by Home Value

 

Riverside, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Riverside area can be challenging. Home prices in Riverside are now at a median cost of $440,805, higher than the Illinois average of $242,002.

The average cost of rent is $1,319/mo in Riverside, primarily driven by the current value of real estate in the Riverside area. While nearly 36.45% of residents own their homes outright in Riverside, 20.53% rent.

Housing affordability isn’t just about home prices, though. The average household income in Riverside is $10,851 per month. Households that rent pay about 12.15% of their income on rent here. Riverside's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.


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