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Affordable
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These days, finding an affordable place to live in the Vernon Hills area can be challenging. Home prices in Vernon Hills are now at a median cost of $455,742, higher than the Illinois average of $300,242.
The average cost of rent is $1,875/mo in Vernon Hills, primarily driven by the current value of real estate in the Vernon Hills area. In Vernon Hills, 30.05% of households rent, and 39.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vernon Hills is $12,506 per month. Households that rent pay about 14.99% of their income on rent here. Vernon Hills’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
- Indian Creek, IL: less expensive homes
- Mundelein, IL: less expensive homes
- Mettawa, IL: higher priced homes
- Long Grove, IL: higher priced homes
- Libertyville, IL: higher priced homes
- Lincolnshire, IL: higher priced homes
- Hawthorn Woods, IL: higher priced homes
- Buffalo Grove, IL: equally priced homes
- Green Oaks, IL: higher priced homes
- Bannockburn, IL: higher priced homes
Cities with Similar Populations
- Patterson, CA: equally priced homes
- Maineville, OH: less expensive homes
- Maitland, FL: equally priced homes
- Malvern, PA: higher priced homes
- Marina, CA: higher priced homes
- Mason City, IA: less expensive homes
- Menasha, WI: less expensive homes
- Middletown, NJ: higher priced homes
- Owatonna, MN: less expensive homes
- Pacific Palisades, CA: higher priced homes
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