Arthur, Illinois Real Estate & Housing Market

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Arthur Housing Information

Index	Arthur	Illinois	National
Median home price	$101,800	$174,800	$184,700
Median rent asked	$686	$925	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	69.8%	66.0%	63.6%
Renter occupied households	30.2%	34.0%	36.4%

A general summary of the real estate market in Arthur, IL is listed above. Properties in Arthur, IL average a cost of $101,800, which is 42% lower than the median home price for real estate located in Illinois. This means that the region of Arthur, IL is, on average, more affordable when compared to the remainder of Illinois. Since tenants living in Arthur, IL will pay an average of $686, the median rental cost is 26% lower than in Illinois. 69.8% of people in Arthur, IL own their own homes, and an average of 2.6 people inhabit each property. Arthur, IL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Arthur Home Affordability

When starting your search for real estate in Arthur, IL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Arthur, IL costs $101,800 while each household has an average income of $60,360. Consequently, the ratio of home price to household income is 1.7x; this ratio is 43% lower than the average in Illinois. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Arthur, IL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Arthur, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Garrett, IL	79	$43,800	76%
Humboldt, IL	483	$71,300	61%
LaPlace, IL	161	$72,100	61%
Allenville, IL	169	$73,500	60%
Lovington, IL	1,098	$76,100	59%
Arthur, IL	2,714	$101,800	45%

Cities with similar population

City, State	Population	Home Price	National Avg.
Seward, AK	2,714	$192,500	4%
Shepherd, TX	2,714	$67,000	64%
Pearisburg, VA	2,714	$95,900	48%
Almont, MI	2,714	$133,700	28%
Royston, GA	2,713	$80,200	57%
Arthur, IL	2,714	$101,800	45%

Source: The Arthur, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).