Home Price Key
Affordable
Average
Expensive
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 $103,271, lower than the Illinois average of $242,002.
The average cost of rent is $732/mo in Ruma, primarily driven by the current value of real estate in the Ruma area. While nearly 54.44% of residents own their homes outright in Ruma, 15.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ruma is $4,800 per month. Households that rent pay about 15.26% of their income on rent here. Ruma's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Prairie, IL: higher priced homes
- Prairie Du Rocher, IL: higher priced homes
- Evansville, IL: equally priced homes
- Red Bud, IL: higher priced homes
- Modoc, IL: higher priced homes
- Renault, IL: higher priced homes
- Preston, IL: less expensive homes
- Tipton, IL: higher priced homes
- Baldwin, IL: equally priced homes
- Ellis Grove, IL: higher priced homes
Cities with Similar Populations
- Strickland, MI: equally priced homes
- Esperanza, PR: higher priced homes
- Evanston, IN: higher priced homes
- Fairbanks, IN: higher priced homes
- Falls Mills, VA: less expensive homes
- Fayville, MA: higher priced homes
- Fedhaven, FL: equally priced homes
- Fillmore, IL: less expensive homes
- Flournoy, KY: equally priced homes
- Esopus, NY: higher priced homes
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