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Affordable
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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 $320,456, higher than the Illinois average of $300,242.
The average cost of rent is $1,250/mo in Savoy, primarily driven by the current value of real estate in the Savoy area. In Savoy, 38.36% of households rent, and 38.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Savoy is $9,939 per month. Households that rent pay about 12.58% of their income on rent here. Savoy’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: higher 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: equally priced 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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