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Affordable
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These days, finding an affordable place to live in the Wayne area can be challenging. Home prices in Wayne are now at a median cost of $517,518, higher than the Illinois average of $300,242.
The average cost of rent is $2,248/mo in Wayne, primarily driven by the current value of real estate in the Wayne area. In Wayne, 8.20% of households rent, and 29.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wayne is $12,323 per month. Households that rent pay about 18.24% of their income on rent here. Wayne’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- St. Charles, IL: less expensive homes
- Wayne Center, IL: less expensive homes
- Bartlett, IL: less expensive homes
- West Chicago, IL: less expensive homes
- South Elgin, IL: less expensive homes
- Geneva, IL: less expensive homes
- Carol Stream, IL: less expensive homes
- Hanover Park, IL: less expensive homes
- Winfield, IL: less expensive homes
- Streamwood, IL: less expensive homes
Cities with Similar Populations
- Lafayette, AL: less expensive homes
- Fox Lake, WI: less expensive homes
- Franktown, CO: higher priced homes
- Freeville, NY: less expensive homes
- Galena, IL: less expensive homes
- Gambier, OH: less expensive homes
- Gervais, OR: less expensive homes
- Glade Spring, VA: less expensive homes
- Gladwyne, PA: higher priced homes
- Granby, CO: higher priced homes
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