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These days, finding an affordable place to live in the Ruma area can be challenging. Home prices in Ruma are now at a median cost of $140,644, lower than the Illinois average of $300,242.
The average cost of rent is $1,091/mo in Ruma, primarily driven by the current value of real estate in the Ruma area. In Ruma, 13.47% of households rent, and 50.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ruma is $5,275 per month. Households that rent pay about 20.68% of their income on rent here. Ruma’s most expensive areas are in the northeastern 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
- Prairie, IL: higher priced homes
- Prairie Du Rocher, IL: equally priced homes
- Evansville, IL: less expensive homes
- Red Bud, IL: higher priced homes
- Modoc, IL: equally priced homes
- Renault, IL: higher priced homes
- Preston, IL: equally priced homes
- Tipton, IL: higher priced homes
- Baldwin, IL: equally priced homes
- Ellis Grove, IL: equally priced homes
Cities with Similar Populations
- Strickland, MI: equally priced homes
- Esperanza, PR: less expensive homes
- Evanston, IN: higher priced homes
- Fairbanks, IN: higher priced homes
- Falls Mills, VA: less expensive homes
- Fayville, MA: higher priced homes
- Fedhaven, FL: less expensive homes
- Fillmore, IL: less expensive homes
- Flournoy, KY: less expensive homes
- Esopus, NY: higher priced homes
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