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Affordable
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These days, finding an affordable place to live in the Volo area can be challenging. Home prices in Volo are now at a median cost of $317,721, higher than the Illinois average of $300,242.
The average cost of rent is $2,020/mo in Volo, primarily driven by the current value of real estate in the Volo area. In Volo, 18.99% of households rent, and 21.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Volo is $13,253 per month. Households that rent pay about 15.24% of their income on rent here. Volo’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lakemoor, IL: less expensive homes
- Round Lake, IL: less expensive homes
- Ingleside, IL: less expensive homes
- Wauconda, IL: equally priced homes
- Round Lake Park, IL: less expensive homes
- Holiday Hills, IL: less expensive homes
- Island Lake, IL: less expensive homes
- Round Lake Heights, IL: less expensive homes
- Hainesville, IL: less expensive homes
- Round Lake Beach, IL: less expensive homes
Cities with Similar Populations
- South Glastonbury, CT: higher priced homes
- Groesbeck, TX: less expensive homes
- Grottoes, VA: less expensive homes
- Shoreham, NY: higher priced homes
- Silver Springs, NV: less expensive homes
- Snow Camp, NC: less expensive homes
- Snyderville, UT: higher priced homes
- Solvay, NY: less expensive homes
- Somerville, TN: less expensive homes
- Sophia, NC: less expensive homes
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