Home Price Key
Affordable
Average
Expensive
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 $47,714, lower than the Illinois average of $242,002.
The average cost of rent is $549/mo in Spencer Heights, primarily driven by the current value of real estate in the Spencer Heights area. While nearly 74.13% of residents own their homes outright in Spencer Heights, 30.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spencer Heights is $2,846 per month. Households that rent pay about 19.29% 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.
Nearby Cities
- Mounds, IL: less expensive homes
- Villa Ridge, IL: higher priced homes
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- Pulaski, IL: higher priced homes
- Cache, IL: higher priced homes
- Olmsted, IL: higher priced homes
- Cairo, IL: less expensive homes
- Tamms, IL: higher priced homes
Cities with Similar Populations
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- Osanippa, AL: higher priced homes
- Paloduro, TX: higher priced homes
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