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These days, finding an affordable place to live in the Tremont area can be challenging. Home prices in Tremont are now at a median cost of $234,666, lower than the Illinois average of $300,242.
The average cost of rent is $1,017/mo in Tremont, primarily driven by the current value of real estate in the Tremont area. In Tremont, 21.66% of households rent, and 41.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tremont is $7,786 per month. Households that rent pay about 13.06% of their income on rent here. Tremont’s most expensive areas are in the eastern 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
- Dillon, IL: higher priced homes
- Pekin Heights, IL: higher priced homes
- Towne Oaks, IL: higher priced homes
- Groveland, IL: equally priced homes
- Morton, IL: equally priced homes
- Hopedale, IL: less expensive homes
- Mackinaw, IL: less expensive homes
- Pekin, IL: less expensive homes
- South Pekin, IL: less expensive homes
- Marquette Heights, IL: less expensive homes
Cities with Similar Populations
- Woodstock, AL: equally priced homes
- Netcong, NJ: higher priced homes
- Remlap, AL: less expensive homes
- Stantonsburg, NC: less expensive homes
- Enterprise, MS: less expensive homes
- Eastsound, WA: higher priced homes
- Eastport, NY: higher priced homes
- Durham, ME: higher priced homes
- Charlotte, VT: higher priced homes
- Braham, MN: equally priced homes
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