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These days, finding an affordable place to live in the Towanda area can be challenging. Home prices in Towanda are now at a median cost of $337,181, higher than the Illinois average of $300,242.
The average cost of rent is $892/mo in Towanda, primarily driven by the current value of real estate in the Towanda area. In Towanda, 14.53% of households rent, and 26.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Towanda is $11,961 per month. Households that rent pay about 7.46% of their income on rent here. Towanda’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hudson, IL: less expensive homes
- Normal, IL: less expensive homes
- Lexington, IL: less expensive homes
- Bloomington, IL: less expensive homes
- Kappa, IL: less expensive homes
- Cooksville, IL: less expensive homes
- Padua, IL: less expensive homes
- Holder, IL: less expensive homes
- Downs, IL: less expensive homes
- Gridley, IL: less expensive homes
Cities with Similar Populations
- French Village, MO: less expensive homes
- Laurel Springs, NC: less expensive homes
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- Hartwell, AR: less expensive homes
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- Galva, KS: less expensive homes
- Gallipolis Ferry, WV: less expensive homes
- Fulton, MI: less expensive homes
- Fresenius, TX: less expensive homes
- Ouray, CO: higher priced homes
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