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These days, finding an affordable place to live in the 61047 area can be challenging. Home prices in 61047 are now at a median cost of $148,359, lower than the Illinois average of $242,002.
The average cost of rent is $863/mo in 61047, primarily driven by the current value of real estate in the 61047 area. While nearly 46.95% of residents own their homes outright in 61047, 18.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61047 is $6,384 per month. Households that rent pay about 13.52% of their income on rent here. 61047's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 61039, IL: less expensive homes
- 61077, IL: equally priced homes
- 61054, IL: equally priced homes
- 61010, IL: higher priced homes
- 61030, IL: equally priced homes
- 61061, IL: higher priced homes
- 61007, IL: higher priced homes
- 61084, IL: higher priced homes
- 61088, IL: higher priced homes
- 61102, IL: less expensive homes
Zip Codes with Similar Populations
- 99921, AK: higher priced homes
- 31698, GA: higher priced homes
- 96781, HI: higher priced homes
- 99173, WA: higher priced homes
- 29545, SC: less expensive homes
- 24138, VA: equally priced homes
- 21555, MD: equally priced homes
- 20620, MD: higher priced homes
- 18832, PA: less expensive homes
- 18629, PA: higher priced homes
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