The Most Affordable Neighborhoods in South Wilmington, IL by Home Value

These days, finding an affordable place to live in the South Wilmington area can be challenging. Home prices in South Wilmington are now at a median cost of $184,609, lower than the Illinois average of $300,242.

The average cost of rent is $1,245/mo in South Wilmington, primarily driven by the current value of real estate in the South Wilmington area. In South Wilmington, 17.41% of households rent, and 53.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in South Wilmington is $7,036 per month. Households that rent pay about 17.70% of their income on rent here. South Wilmington’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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