Batavia, Illinois Real Estate & Housing Market

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Batavia Housing Information

Index	Batavia	Illinois	National
Median home price	$278,600	$174,800	$184,700
Median rent asked	$1,126	$925	$949
Avg. people per household	2.5	2.6	2.6
Owner occupied households	76.4%	66.0%	63.6%
Renter occupied households	23.6%	34.0%	36.4%

Above is a snapshot look at the real estate market in Batavia, IL. In Batavia, IL, the median house price is $278,600, making the price 59% higher than that the average for Illinois. Therefore, the affordability of Batavia, IL area real estate is less affordable than the real estate in other areas of Illinois. In addition, Batavia, IL has a median rent price of $1,126; this price is 22% higher than that the average rental price for Illinois. 76.4% of residents in Batavia, IL are homeowners, and the average amount of people who reside in each home is 2.5. Batavia, IL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Batavia, IL real estate for sale.

Batavia Home Affordability

When looking for real estate in Batavia, IL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Batavia, IL, the median price of a home is $278,600 and $89,932 is the median household income. This means that the home price to income ratio is 3.1x, a ratio that is 5% higher than the average in Illinois. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Batavia, IL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Batavia, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Plano, IL	11,929	$124,500	33%
Boulder Hill, IL	8,449	$140,700	24%
Elgin, IL	111,919	$166,500	10%
Romeoville, IL	39,739	$166,500	10%
Hanover Park, IL	38,331	$168,100	9%
Batavia, IL	26,413	$278,600	51%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lemon Grove, CA	26,421	$346,400	88%
Kankakee, IL	26,424	$87,800	52%
Wakefield, MA	26,399	$433,000	134%
Paradise, CA	26,396	$200,900	9%
Wethersfield, CT	26,396	$246,200	33%
Batavia, IL	26,413	$278,600	51%

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