The Most Affordable Neighborhoods in Venetian Village, IL by Home Value

 

Venetian Village, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Venetian Village area can be challenging. Home prices in Venetian Village are now at a median cost of $271,636, lower than the Illinois average of $300,242.

The average cost of rent is $1,908/mo in Venetian Village, primarily driven by the current value of real estate in the Venetian Village area. In Venetian Village, 23.30% of households rent, and 29.28% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Venetian Village is $9,246 per month. Households that rent pay about 20.63% of their income on rent here. Venetian Village’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern 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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