Marseilles, Illinois Real Estate & Housing Market

Marseilles, IL Listings

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Marseilles Housing Information

Index	Marseilles	Illinois	National
Median home price	$96,000	$174,800	$184,700
Median rent asked	$688	$925	$949
Avg. people per household	2.5	2.6	2.6
Owner occupied households	68.1%	66.0%	63.6%
Renter occupied households	31.9%	34.0%	36.4%

Above is a snapshot look at the real estate market in Marseilles, IL. In Marseilles, IL, the median house price is $96,000, making the price 45% lower than that the average for Illinois. Therefore, the affordability of Marseilles, IL area real estate is more affordable than the real estate in other areas of Illinois. In addition, Marseilles, IL has a median rent price of $688; this price is 26% lower than that the average rental price for Illinois. 68.1% of residents in Marseilles, IL are homeowners, and the average amount of people who reside in each home is 2.5. Marseilles, IL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Marseilles, IL real estate for sale.

Marseilles Home Affordability

When looking for real estate in Marseilles, IL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Marseilles, IL, the median price of a home is $96,000 and $38,616 is the median household income. This means that the home price to income ratio is 2.5x, a ratio that is 16% lower than the average in Illinois. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Marseilles, IL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Marseilles, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Kangley, IL	258	$75,000	59%
Streator, IL	13,163	$83,200	55%
Leonore, IL	90	$85,000	54%
Naplate, IL	441	$85,300	54%
Ransom, IL	347	$89,100	52%
Marseilles, IL	4,892	$96,000	48%

Cities with similar population

City, State	Population	Home Price	National Avg.
Mont Belvieu, TX	4,892	$228,900	24%
Telford, PA	4,893	$220,400	19%
Hampstead, NC	4,890	$218,900	19%
Zephyrhills South, FL	4,894	$35,900	81%
Orange, VA	4,890	$211,400	14%
Marseilles, IL	4,892	$96,000	48%

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