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These days, finding an affordable place to live in the Tolono area can be challenging. Home prices in Tolono are now at a median cost of $240,233, lower than the Illinois average of $300,242.
The average cost of rent is $1,041/mo in Tolono, primarily driven by the current value of real estate in the Tolono area. In Tolono, 31.67% of households rent, and 40.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tolono is $6,440 per month. Households that rent pay about 16.16% of their income on rent here. Tolono’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Savoy, IL: higher priced homes
- Pesotum, IL: less expensive homes
- Sadorus, IL: less expensive homes
- Philo, IL: equally priced homes
- Champaign, IL: less expensive homes
- Urbana, IL: less expensive homes
- Hayes, IL: less expensive homes
- Parkville, IL: equally priced homes
- Villa Grove, IL: less expensive homes
- Sidney, IL: less expensive homes
Cities with Similar Populations
- Vieques, PR: less expensive homes
- Bidwell, OH: less expensive homes
- Royal City, WA: higher priced homes
- Gothenburg, NE: equally priced homes
- Newport, MN: higher priced homes
- Holiday City South, NJ: equally priced homes
- Frontenac, MO: higher priced homes
- Guilford, IN: higher priced homes
- Hamilton, VA: higher priced homes
- Fremont, NC: less expensive homes
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