The Most Affordable Neighborhoods in Valley City, IL by Home Value

These days, finding an affordable place to live in the Valley City area can be challenging. Home prices in Valley City are now at a median cost of $82,103, lower than the Illinois average of $300,242.

The average cost of rent is $540/mo in Valley City, primarily driven by the current value of real estate in the Valley City area. In Valley City, 38.81% of households rent, and 56.78% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Valley City is $3,945 per month. Households that rent pay about 13.69% of their income on rent here. Valley City’s most expensive areas are in the northeastern 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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