The Most Affordable Neighborhoods in Springfield Lake Shore Improvement, Springfield, IL by Home Value

 

Springfield Lake Shore Improvement, Springfield, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Springfield Lake Shore Improvement area can be challenging. Home prices in Springfield Lake Shore Improvement are now at a median cost of $240,106, higher than the Springfield average of $139,193.

The average cost of rent is $981/mo in Springfield Lake Shore Improvement, primarily driven by the current value of real estate in the Springfield Lake Shore Improvement area. While nearly 42.09% of residents own their homes outright in Springfield Lake Shore Improvement, 11.29% rent.

Housing affordability isn’t just about home prices, though. The average household income in Springfield Lake Shore Improvement is $8,310 per month. Households that rent pay about 11.81% of their income on rent here. Springfield Lake Shore Improvement's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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