Similar to its surrounding areas, it's substantially less expensive compared to the rest of the country. However it's somewhat less expensive compared to the city of Syracuse.
Home prices
The median home in Ilion is valued at $81,900. This is is very similar in comparison to its nearby areas.It is approximately $135,600 (62%) lower in comparison to the entire nation, and compared to the city of Syracuse is roughly $12,500 (13%) lower.
Rents
The median monthly rent in Ilion is $623. It is is very similar in comparison to nearby areas.It is approximately $439 (41%) lower in comparison to the entire country, and is about $191 (23%) lower in comparison to the city of Syracuse.
Nearby places
Mohawk
Mohawk is Ilion's neighbor to the east. The real estate prices there are fairly similar. The median home in Mohawk is valued at $79,300, which works out to $2,600 (3%) lower than Ilion. The rent there is pretty similar. Mohawk's median rent is $600 a month, which comes out to $23 (3%) lower than Ilion.
Frankfort
Frankfort is approximately 2 miles northwest from Ilion. Its housing prices are fairly similar. The median home in Frankfort is valued at $85,400, which is $3,500 (4%) higher than Ilion. Rents there are a little more expensive. The median monthly rent in Frankfort is $662, which works out to $39 (5%) higher than Ilion.
Herkimer
Herkimer is roughly 2 miles northeast from Ilion. Housing prices there are somewhat less expensive. The median home in Herkimer costs $78,000, which works out to $3,900 (5%) lower than Ilion. Rents there are somewhat more expensive. In Herkimer the median monthly rent is $698, which is $75 (10%) higher than Ilion.
Little Falls
Little Falls is roughly 8 miles east of Ilion. Its housing prices are a little less expensive. The median home in Little Falls is valued at $76,900, which comes out to $5,000 (6%) lower than Ilion. Its rents are fairly similar. The median rent in Little Falls is $619 a month, which is very similar to Ilion.
Middleville
Middleville is about 8 miles north from Ilion. Housing prices there are a bit more expensive. The median home in Middleville costs $87,800, which works out to $5,900 (6%) higher than Ilion. Rents there are a bit less expensive. In Middleville the median monthly rent is $550, which comes out to $73 (13%) lower than Ilion.
