The Most Affordable Neighborhoods in 61071, IL by Home Value

 

61071, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 61071 area can be challenging. Home prices in 61071 are now at a median cost of $111,035, lower than the Illinois average of $300,242.

The average cost of rent is $969/mo in 61071, primarily driven by the current value of real estate in the 61071 area. In 61071, 24.33% of households rent, and 41.39% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in 61071 is $5,096 per month. Households that rent pay about 19.01% of their income on rent here. 61071’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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