Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the 61016 area can be challenging. Home prices in 61016 are now at a median cost of $187,577, lower than the Illinois average of $242,002.
The average cost of rent is $1,061/mo in 61016, primarily driven by the current value of real estate in the 61016 area. While nearly 38.22% of residents own their homes outright in 61016, 8.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61016 is $7,381 per month. Households that rent pay about 14.38% of their income on rent here. 61016's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 61112, IL: less expensive homes
- 61108, IL: less expensive homes
- 61109, IL: less expensive homes
- 61107, IL: less expensive homes
- 61104, IL: less expensive homes
- 61114, IL: equally priced homes
- 61008, IL: less expensive homes
- 61111, IL: less expensive homes
- 61103, IL: less expensive homes
- 61052, IL: less expensive homes
Zip Codes with Similar Populations
- 02322, MA: higher priced homes
- 04250, ME: equally priced homes
- 54106, WI: equally priced homes
- 46148, IN: less expensive homes
- 46347, IN: higher priced homes
- 46562, IN: less expensive homes
- 46710, IN: less expensive homes
- 46741, IN: equally priced homes
- 46914, IN: less expensive homes
- 47106, IN: equally priced homes
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