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Loves Park Housing Information

IndexLoves ParkIllinoisNational
Median home price$113,400$174,800$184,700
Median rent asked$787$925$949
Avg. people per household2.42.62.6
Owner occupied households68.9%66.0%63.6%
Renter occupied households31.1%34.0%36.4%
A general overview of the Loves Park, IL real estate market is displayed above. The median home price for homes in Loves Park, IL is $113,400, which is 35% lower than the Illinois average. This means that real estate in the Loves Park, IL area is generally more affordable than the rest of Illinois. The median rent price in Loves Park, IL is $787 which is 15% lower than the Illinois average. In Loves Park, IL, 68.9% of people are home owners and an average of 2.4 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Loves Park, IL. We make it easy to find Loves Park, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Loves Park Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Loves Park, IL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Loves Park, IL is $113,400 and the median household income is $50,284. This results in a home price to income ratio of 2.3x, which is 24% lower than the Illinois average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Loves Park, IL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Loves Park, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Beloit, WI36,812$85,00054%
Rockford, IL149,597$91,40051%
New Milford, IL644$101,70045%
Belvidere, IL25,300$103,30044%
Durand, IL1,315$113,20039%
Loves Park, IL24,499$113,40039%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Seal Beach, CA24,510$308,40067%
West Puente Valley, CA24,476$342,30085%
Palmetto Bay, FL24,522$467,400153%
Mercer Island, WA24,467$956,200418%
Athens, AL24,461$139,40025%
Loves Park, IL24,499$113,40039%

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