Crest Hill, Illinois Real Estate & Housing Market

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Crest Hill Housing Information

Index	Crest Hill	Illinois	National
Median home price	$152,100	$174,800	$184,700
Median rent asked	$1,022	$925	$949
Avg. people per household	2.4	2.6	2.6
Owner occupied households	65.0%	66.0%	63.6%
Renter occupied households	35.0%	34.0%	36.4%

Above, you will see a summary of real estate in Crest Hill, IL. On average, homes in Crest Hill, IL cost $152,100, a value that is 13% lower than the average in Illinois. In general terms, this results in Crest Hill, IL real estate being more affordable than Illinois real estate. On average, people who rent houses in Crest Hill, IL pay $1,022; this value is 10% higher than the average amount renters pay in Illinois. 65.0% of Crest Hill, IL residents own their own homes and, on average, each of the homes has 2.4 occupants. Crest Hill, IL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Crest Hill, IL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Crest Hill Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Crest Hill, IL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Crest Hill, IL’s median home price stands at $152,100 while $50,334 is the value of the average household income. The resulting home price to income ratio, which is 3.0x, differs from the Illinois average as the ratio is 2% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Crest Hill, IL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Crest Hill, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hodgkins, IL	1,960	$32,300	83%
Fairmont, IL	2,516	$90,500	51%
Ingalls Park, IL	2,872	$92,600	50%
Preston Heights, IL	2,916	$104,900	43%
Rockdale, IL	2,151	$130,900	29%
Crest Hill, IL	20,316	$152,100	18%

Cities with similar population

City, State	Population	Home Price	National Avg.
Lexington, SC	20,315	$174,900	5%
Parma Heights, OH	20,311	$110,700	40%
Mililani Mauka, HI	20,322	$614,600	233%
Schofield Barracks, HI	20,330	$0	100%
Hauppauge, NY	20,301	$455,700	147%
Crest Hill, IL	20,316	$152,100	18%

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