Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Waterman area can be challenging. Home prices in Waterman are now at a median cost of $204,317, lower than the Illinois average of $242,002.
The average cost of rent is $967/mo in Waterman, primarily driven by the current value of real estate in the Waterman area. While nearly 33.46% of residents own their homes outright in Waterman, 19.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Waterman is $6,268 per month. Households that rent pay about 15.43% of their income on rent here. Waterman's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Shabbona, IL: less expensive homes
- Elva, IL: equally priced homes
- Hinckley, IL: higher priced homes
- Rollo, IL: equally priced homes
- Troxel, IL: higher priced homes
- Lee, IL: less expensive homes
- DeKalb, IL: less expensive homes
- Somonauk, IL: equally priced homes
- Cortland, IL: less expensive homes
- Malta, IL: less expensive homes
Cities with Similar Populations
- Leasburg, MO: less expensive homes
- Coal City, WV: less expensive homes
- Laytonville, CA: higher priced homes
- Merrillan, WI: less expensive homes
- Morris, CT: higher priced homes
- Medley, FL: higher priced homes
- Mc Dade, TX: less expensive homes
- Loving, NM: less expensive homes
- Lena, MS: less expensive homes
- Leland Grove, IL: higher priced homes
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