Dixon, Illinois Real Estate & Housing Market

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Dixon Housing Information

Index	Dixon	Illinois	National
Median home price	$92,100	$174,800	$184,700
Median rent asked	$636	$925	$949
Avg. people per household	2.3	2.6	2.6
Owner occupied households	66.0%	66.0%	63.6%
Renter occupied households	34.0%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Dixon, IL. Generally, real estate in the Dixon, IL area is more affordable in Illinois, as the median price of a home in Dixon, IL is $92,100, which is 47% lower than the Illinois average. The median rental price in Dixon, IL is $636. This is 31% lower than the average rental price in Illinois. Home owners comprise 66.0% of the population of Dixon, IL, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Dixon, IL. Below, you can search for real estate listings in Dixon, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Dixon Home Affordability

When searching for real estate in Dixon, 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 Dixon, IL, the median house price is $92,100, while the median income for households in the area is $51,000. Therefore, the ratio of house price to income is 1.8x; this ratio is 39% lower 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 Dixon, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Nelson, IL	132	$70,800	62%
Rock Falls, IL	9,104	$75,500	59%
Sterling, IL	15,071	$83,900	55%
Polo, IL	2,131	$85,800	54%
Harmon, IL	151	$86,400	53%
Dixon, IL	14,802	$92,100	50%

Cities with similar population

City, State	Population	Home Price	National Avg.
Jacksonville, TX	14,803	$78,700	57%
Gantt, SC	14,788	$98,900	46%
Englewood, FL	14,786	$145,200	21%
Tenafly, NJ	14,821	$750,800	306%
Greenwood, MS	14,780	$85,400	54%
Dixon, IL	14,802	$92,100	50%

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