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Affordable
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These days, finding an affordable place to live in the Serena area can be challenging. Home prices in Serena are now at a median cost of $321,092, higher than the Illinois average of $300,242.
The average cost of rent is $1,190/mo in Serena, primarily driven by the current value of real estate in the Serena area. In Serena, 17.22% of households rent, and 41.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Serena is $9,003 per month. Households that rent pay about 13.21% of their income on rent here. Serena’s most expensive areas are in the northeastern 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
- Wedron, IL: less expensive homes
- Sheridan, IL: less expensive homes
- Harding, IL: less expensive homes
- Leland, IL: less expensive homes
- Prairie Center, IL: less expensive homes
- Millington, IL: equally priced homes
- Somonauk, IL: less expensive homes
- Stavanger, IL: equally priced homes
- Marseilles, IL: less expensive homes
- Ottawa, IL: less expensive homes
Cities with Similar Populations
- Zenith, WV: less expensive homes
- Adirondack, NY: equally priced homes
- Welcome, LA: less expensive homes
- Wheatland, PA: less expensive homes
- Bel, LA: less expensive homes
- Beekman, LA: less expensive homes
- Bayard, IA: less expensive homes
- Bath Springs, TN: less expensive homes
- Batesville, VA: higher priced homes
- Barry, TX: less expensive homes
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