Similar to nearby areas, it is substantially less expensive compared to the rest of the country. It's substantially less expensive compared to the city of Chicago.
Home prices
The median home in Paw Paw is valued at $114,600. In comparison to the surrounding areas this is roughly $3,460 (2%) lower.It is roughly $102,900 (47%) lower compared to the rest of the country, and it is about $143,400 (55%) lower compared to the city of Chicago.
Rents
Paw Paw's median rent is $672 a month. In comparison to other places in this area this is about $113 (14%) lower.In comparison to the rest of the nation it is approximately $390 (36%) lower, and in comparison to the city of Chicago it is approximately $440 (39%) lower.
Nearby places
Compton
Compton is about 4 miles west of Paw Paw. Housing prices there are significantly less expensive. Compton's median home cost is $68,300, which is $46,300 (67%) lower than Paw Paw. Rent there is pretty similar. Compton's median rent is $681 a month, which comes out to $9 (1%) higher than Paw Paw.
Shabbona
Shabbona is roughly 6 miles northeast of Paw Paw. The housing prices there are a little more expensive. The value of the median home in Shabbona is $154,900, which is $40,300 (26%) higher than Paw Paw. The rent there is a bit more expensive. Shabbona's median monthly rent is $773, which works out to $101 (13%) higher than Paw Paw.
Earlville
Earlville is roughly 7 miles south from Paw Paw. Its housing prices are a bit less expensive. The median home in Earlville is valued at $107,300, which works out to $7,300 (6%) lower than Paw Paw. Rents there are somewhat more expensive. The median rent in Earlville is $848 a month, which works out to $176 (20%) higher than Paw Paw.
Lee
Lee is about 7 miles north from Paw Paw. Its real estate prices are similar. The cost of the median home in Lee is $116,000, which comes out to $1,400 (1%) higher than Paw Paw. Its rents are a little more expensive. In Lee the median monthly rent is $763, which works out to $91 (11%) higher than Paw Paw.
Leland
Leland is roughly 9 miles southeast of Paw Paw. Its real estate prices are a little more expensive. Leland's median home cost is $143,800, which is $29,200 (20%) higher than Paw Paw. The rent there is a little more expensive. Leland's median monthly rent is $858, which comes out to $186 (21%) higher than Paw Paw.
