Macomb, Illinois Real Estate & Housing Market

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Macomb Housing Information

Index	Macomb	Illinois	National
Median home price	$105,900	$174,800	$184,700
Median rent asked	$666	$925	$949
Avg. people per household	2.3	2.6	2.6
Owner occupied households	52.2%	66.0%	63.6%
Renter occupied households	47.8%	34.0%	36.4%

A general overview of the Macomb, IL real estate market is displayed above. The median home price for homes in Macomb, IL is $105,900, which is 39% lower than the Illinois average. This means that real estate in the Macomb, IL area is generally more affordable than the rest of Illinois. The median rent price in Macomb, IL is $666 which is 28% lower than the Illinois average. In Macomb, IL, 52.2% of people are home owners and an average of 2.3 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Macomb, IL. We make it easy to find Macomb, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Macomb Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Macomb, 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 Macomb, IL is $105,900 and the median household income is $35,459. This results in a home price to income ratio of 3.0x, which is 1% higher 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 Macomb, 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 Macomb, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Bardolph, IL	273	$32,500	82%
Plymouth, IL	383	$36,500	80%
Adair, IL	178	$47,000	75%
Vermont, IL	788	$47,600	74%
Avon, IL	803	$49,300	73%
Macomb, IL	18,771	$105,900	43%

Cities with similar population

City, State	Population	Home Price	National Avg.
Mill Creek East, WA	18,771	$374,000	102%
East Hemet, CA	18,764	$170,400	8%
North Salt Lake, UT	18,753	$241,100	31%
Arlington, WA	18,749	$244,000	32%
Secaucus, NJ	18,737	$399,300	116%
Macomb, IL	18,771	$105,900	43%

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