Similar to the surrounding areas, it is somewhat less expensive compared to the United States as a whole. Compared to the city of Chicago however, it's substantially less expensive.
Home prices
Lowell's median home cost is $167,000. It is approximately $6,500 (4%) higher in comparison to nearby areas.It is roughly $50,500 (23%) lower in comparison to the US as a whole, and is approximately $91,000 (35%) lower in comparison to the city of Chicago.
Rents
Lowell's median rent is $1,125 per month. It is about $225 (24%) higher compared to its nearby areas.Compared to the rest of the nation it is approximately $63 (5%) higher, and compared to the city of Chicago is about $13 (1%) higher.
Nearby places
Cedar Lake
Cedar Lake is approximately 5 miles north of Lowell. Its housing prices are a bit more expensive. The price of the median home in Cedar Lake is $182,600, which works out to $15,600 (8%) higher than Lowell. Its rents are a bit less expensive. The median rent in Cedar Lake is $927 per month, which works out to $198 (21%) lower than Lowell.
Schneider
Schneider is approximately 6 miles south from Lowell. Its real estate prices are a lot less expensive. Schneider's median home cost is $93,300, which is $73,700 (78%) lower than Lowell. Rents there are a lot less expensive. Schneider's median rent is $825 a month, which is $300 (36%) lower than Lowell.
Crown Point
Crown Point is approximately 8 miles north of Lowell. Real estate prices there are a bit more expensive. The value of the median home in Crown Point is $194,600, which works out to $27,600 (14%) higher than Lowell. Its rents are somewhat less expensive. Crown Point's median rent is $1,046 per month, which works out to $79 (7%) lower than Lowell.
Beecher
Beecher is about 9 miles northwest of Lowell. Its housing prices are a little more expensive. The price of the median home in Beecher is $181,200, which is $14,200 (7%) higher than Lowell. Rents there are a bit less expensive. Beecher's median rent is $888 a month, which is $237 (26%) lower than Lowell.
Hebron
Hebron is about 9 miles east of Lowell. Its real estate prices are somewhat less expensive. The price of the median home in Hebron is $150,800, which works out to $16,200 (10%) lower than Lowell. The rent there is significantly less expensive. In Hebron the median rent is $815 per month, which comes out to $310 (38%) lower than Lowell.
