Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $182,424, lower than the Illinois average of $300,242.
The average cost of rent is $744/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 11.34% of households rent, and 71.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $8,044 per month. Households that rent pay about 9.25% of their income on rent here. Wakefield’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Passport, IL: equally priced homes
- Ingraham, IL: equally priced homes
- Boos, IL: less expensive homes
- Wendelin, IL: less expensive homes
- West Liberty, IL: less expensive homes
- Dundas, IL: less expensive homes
- Winterrowd, IL: higher priced homes
- Newton, IL: less expensive homes
- Sailor Springs, IL: less expensive homes
- Noble, IL: less expensive homes
Cities with Similar Populations
- Morganton, TN: higher priced homes
- Mill City, NV: higher priced homes
- Millersview, TX: less expensive homes
- Millhome, WI: higher priced homes
- Millport, PA: less expensive homes
- Minter, TX: higher priced homes
- Miola, PA: equally priced homes
- Miracle Run, WV: less expensive homes
- Mission Ridge, SD: higher priced homes
- Mix, LA: less expensive homes
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