Diamond, Illinois Real Estate & Housing Market

Diamond, IL Listings

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Diamond Housing Information

Index	Diamond	Illinois	National
Median home price	$197,200	$174,800	$184,700
Median rent asked	$919	$925	$949
Avg. people per household	2.9	2.6	2.6
Owner occupied households	69.2%	66.0%	63.6%
Renter occupied households	30.8%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Diamond, IL. Generally, real estate in the Diamond, IL area is less affordable in Illinois, as the median price of a home in Diamond, IL is $197,200, which is 13% higher than the Illinois average. The median rental price in Diamond, IL is $919. This is 1% lower than the average rental price in Illinois. Home owners comprise 69.2% of the population of Diamond, IL, where an average of 2.9 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Diamond, IL. Below, you can search for real estate listings in Diamond, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Diamond Home Affordability

When searching for real estate in Diamond, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Diamond, IL, the median house price is $197,200, while the median income for households in the area is $57,338. Therefore, the ratio of house price to income is 3.4x; this ratio is 16% higher than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Diamond, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Wilmington village, IL	144	$55,000	70%
Union Hill, IL	32	$100,000	46%
Verona, IL	259	$104,200	44%
Preston Heights, IL	2,916	$104,900	43%
Reddick, IL	328	$108,000	42%
Diamond, IL	2,733	$197,200	7%

Cities with similar population

City, State	Population	Home Price	National Avg.
Plainsboro Center, NJ	2,733	$381,600	107%
Crest, CA	2,733	$355,300	92%
Norton Center, MA	2,732	$318,600	72%
Hartford, KY	2,732	$79,400	57%
Braddock Heights, MD	2,734	$327,900	78%
Diamond, IL	2,733	$197,200	7%

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