The Most Affordable Neighborhoods in 61046, IL by Home Value

 

61046, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 61046 area can be challenging. Home prices in 61046 are now at a median cost of $144,593, lower than the Illinois average of $242,002.

The average cost of rent is $711/mo in 61046, primarily driven by the current value of real estate in the 61046 area. While nearly 49.82% of residents own their homes outright in 61046, 14.67% rent.

Housing affordability isn’t just about home prices, though. The average household income in 61046 is $6,016 per month. Households that rent pay about 11.82% of their income on rent here. 61046's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the zip.


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