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Affordable
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These days, finding an affordable place to live in the Timberlane area can be challenging. Home prices in Timberlane are now at a median cost of $340,802, higher than the Illinois average of $300,242.
The average cost of rent is $1,442/mo in Timberlane, primarily driven by the current value of real estate in the Timberlane area. In Timberlane, 5.49% of households rent, and 29.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Timberlane is $8,928 per month. Households that rent pay about 16.15% of their income on rent here. Timberlane’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Poplar Grove, IL: less expensive homes
- Caledonia, IL: less expensive homes
- Belvidere, IL: less expensive homes
- Capron, IL: less expensive homes
- Loves Park, IL: less expensive homes
- Garden Prairie, IL: less expensive homes
- Hunter, IL: higher priced homes
- Cherry Valley, IL: less expensive homes
- Machesney Park, IL: less expensive homes
- Roscoe, IL: less expensive homes
Cities with Similar Populations
- Grayson, LA: less expensive homes
- Teals Crossroads, AL: less expensive homes
- Sudlersville, MD: equally priced homes
- St. Paul, IN: less expensive homes
- La Honda, CA: higher priced homes
- Hazen, AR: less expensive homes
- Hargill, TX: less expensive homes
- Gumlog, GA: less expensive homes
- Greenville, ME: less expensive homes
- Thomas, OK: less expensive homes
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