The Most Affordable Neighborhoods in Spires, IL by Home Value

 

Spires, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Spires area can be challenging. Home prices in Spires are now at a median cost of $122,319, lower than the Illinois average of $242,002.

The average cost of rent is $798/mo in Spires, primarily driven by the current value of real estate in the Spires area. While nearly 54.41% of residents own their homes outright in Spires, 22.21% rent.

Housing affordability isn’t just about home prices, though. The average household income in Spires is $6,014 per month. Households that rent pay about 13.28% of their income on rent here. Spires's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.


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