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Affordable
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These days, finding an affordable place to live in the Spencer Heights area can be challenging. Home prices in Spencer Heights are now at a median cost of $93,755, lower than the Illinois average of $300,242.
The average cost of rent is $625/mo in Spencer Heights, primarily driven by the current value of real estate in the Spencer Heights area. In Spencer Heights, 45.08% of households rent, and 75.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spencer Heights is $3,325 per month. Households that rent pay about 18.81% of their income on rent here. Spencer Heights’s most expensive areas are in the central 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.
Nearby Cities
- Mounds, IL: equally priced homes
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- Pulaski, IL: higher priced homes
- Cache, IL: less expensive homes
- Olmsted, IL: equally priced homes
- Cairo, IL: less expensive homes
- Tamms, IL: equally priced homes
Cities with Similar Populations
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- Orland, OH: higher priced homes
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- Paloduro, TX: higher priced homes
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