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These days, finding an affordable place to live in the Riverwoods area can be challenging. Home prices in Riverwoods are now at a median cost of $645,340, higher than the Illinois average of $300,242.
The average cost of rent is $2,267/mo in Riverwoods, primarily driven by the current value of real estate in the Riverwoods area. In Riverwoods, 26.38% of households rent, and 39.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Riverwoods is $14,767 per month. Households that rent pay about 15.35% of their income on rent here. Riverwoods’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lincolnshire, IL: equally priced homes
- Bannockburn, IL: higher priced homes
- Deerfield, IL: equally priced homes
- Wheeling, IL: less expensive homes
- Buffalo Grove, IL: less expensive homes
- Northbrook, IL: equally priced homes
- Prospect Heights, IL: less expensive homes
- Highland Park, IL: equally priced homes
- Highwood, IL: less expensive homes
- Lake Forest, IL: higher priced homes
Cities with Similar Populations
- New Whiteland, IN: less expensive homes
- Otisville, MI: less expensive homes
- Nowata, OK: less expensive homes
- Northvale, NJ: equally priced homes
- Northlake, TX: less expensive homes
- Northfield, VT: less expensive homes
- Northfield, IL: higher priced homes
- Niota, TN: less expensive homes
- Ninety Six, SC: less expensive homes
- Nicholson, GA: less expensive homes
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