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Affordable
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These days, finding an affordable place to live in the Warsaw area can be challenging. Home prices in Warsaw are now at a median cost of $115,357, lower than the Illinois average of $300,242.
The average cost of rent is $835/mo in Warsaw, primarily driven by the current value of real estate in the Warsaw area. In Warsaw, 18.92% of households rent, and 60.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Warsaw is $5,717 per month. Households that rent pay about 14.61% of their income on rent here. Warsaw’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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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