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Affordable
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These days, finding an affordable place to live in the Shumway area can be challenging. Home prices in Shumway are now at a median cost of $348,918, higher than the Illinois average of $300,242.
The average cost of rent is $845/mo in Shumway, primarily driven by the current value of real estate in the Shumway area. In Shumway, 8.34% of households rent, and 39.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shumway is $9,949 per month. Households that rent pay about 8.49% of their income on rent here. Shumway’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lillyville, IL: less expensive homes
- Effingham, IL: less expensive homes
- Green Creek, IL: less expensive homes
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- Moccasin, IL: less expensive homes
- Keptown, IL: less expensive homes
- Beecher City, IL: less expensive homes
Cities with Similar Populations
- Geneva-on-the-Lake, OH: less expensive homes
- Stout, OH: less expensive homes
- Stockertown, PA: equally priced homes
- St. Vincent College, PA: less expensive homes
- Springer, OK: less expensive homes
- Southmont, NC: less expensive homes
- South Washington, IN: less expensive homes
- Smithville, AR: less expensive homes
- Silverstreet, SC: less expensive homes
- Siloam, NC: less expensive homes
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