Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Savoy area can be challenging. Home prices in Savoy are now at a median cost of $280,953, higher than the Illinois average of $242,002.
The average cost of rent is $1,190/mo in Savoy, primarily driven by the current value of real estate in the Savoy area. While nearly 45.56% of residents own their homes outright in Savoy, 48.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Savoy is $6,575 per month. Households that rent pay about 18.09% of their income on rent here. Savoy's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Champaign, IL: less expensive homes
- Urbana, IL: less expensive homes
- Tolono, IL: less expensive homes
- Philo, IL: less expensive homes
- Bondville, IL: less expensive homes
- Sadorus, IL: less expensive homes
- Seymour, IL: less expensive homes
- Sidney, IL: less expensive homes
- Pesotum, IL: less expensive homes
- St. Joseph, IL: less expensive homes
Cities with Similar Populations
- Slinger, WI: equally priced homes
- Silver Springs, FL: less expensive homes
- Silver Springs Shores, FL: less expensive homes
- Silvis, IL: less expensive homes
- Sinton, TX: less expensive homes
- Sioux Center, IA: less expensive homes
- Sitka, AK: higher priced homes
- Skidaway Island, GA: higher priced homes
- Skowhegan, ME: less expensive homes
- Sleepy Hollow, NY: higher priced homes
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