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These days, finding an affordable place to live in the 61031 area can be challenging. Home prices in 61031 are now at a median cost of $158,463, lower than the Illinois average of $300,242.
The average cost of rent is $810/mo in 61031, primarily driven by the current value of real estate in the 61031 area. In 61031, 22.48% of households rent, and 53.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61031 is $5,904 per month. Households that rent pay about 13.72% of their income on rent here. 61031’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
- 61057, IL: higher priced homes
- 61006, IL: equally priced homes
- 61324, IL: higher priced homes
- 61310, IL: higher priced homes
- 61021, IL: higher priced homes
- 61015, IL: higher priced homes
- 61378, IL: higher priced homes
- 61091, IL: higher priced homes
- 61068, IL: higher priced homes
- 61318, IL: higher priced homes
Zip Codes with Similar Populations
- 26055, WV: equally priced homes
- 03226, NH: higher priced homes
- 04955, ME: higher priced homes
- 05830, VT: higher priced homes
- 13348, NY: higher priced homes
- 13650, NY: higher priced homes
- 24827, WV: less expensive homes
- 14477, NY: higher priced homes
- 22733, VA: higher priced homes
- 15757, PA: less expensive homes
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