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These days, finding an affordable place to live in the Shorewood area can be challenging. Home prices in Shorewood are now at a median cost of $349,533, higher than the Illinois average of $300,242.
The average cost of rent is $1,829/mo in Shorewood, primarily driven by the current value of real estate in the Shorewood area. In Shorewood, 5.27% of households rent, and 33.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shorewood is $10,647 per month. Households that rent pay about 17.18% of their income on rent here. Shorewood’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Joliet, IL: less expensive homes
- Rockdale, IL: less expensive homes
- Minooka, IL: equally priced homes
- Plainfield, IL: equally priced homes
- Crest Hill, IL: less expensive homes
- Channahon, IL: less expensive homes
- Plattville, IL: equally priced homes
- Elwood, IL: less expensive homes
- Romeoville, IL: less expensive homes
- Lockport, IL: less expensive homes
Cities with Similar Populations
- Santa Rosa Beach, FL: higher priced homes
- Hartford, WI: equally priced homes
- Harvey, IL: less expensive homes
- Hatfield, PA: higher priced homes
- Havre de Grace, MD: higher priced homes
- Hawthorne, NJ: higher priced homes
- Hercules, CA: higher priced homes
- Lino Lakes, MN: higher priced homes
- Palmyra, PA: less expensive homes
- San Fernando, CA: higher priced homes
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