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These days, finding an affordable place to live in the 60162 area can be challenging. Home prices in 60162 are now at a median cost of $252,893, lower than the Illinois average of $300,242.
The average cost of rent is $1,177/mo in 60162, primarily driven by the current value of real estate in the 60162 area. In 60162, 28.02% of households rent, and 34.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 60162 is $6,092 per month. Households that rent pay about 19.33% of their income on rent here. 60162’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 60163, IL: equally priced homes
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Zip Codes with Similar Populations
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- 60069, IL: higher priced homes
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