The Most Affordable Neighborhoods in State Park Place, IL by Home Value

 

State Park Place, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the State Park Place area can be challenging. Home prices in State Park Place are now at a median cost of $165,660, lower than the Illinois average of $300,242.

The average cost of rent is $910/mo in State Park Place, primarily driven by the current value of real estate in the State Park Place area. In State Park Place, 84.40% of households rent, and 37.72% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in State Park Place is $5,588 per month. Households that rent pay about 16.29% of their income on rent here. State Park Place’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.


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