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These days, finding an affordable place to live in the 61231 area can be challenging. Home prices in 61231 are now at a median cost of $121,054, lower than the Illinois average of $242,002.
The average cost of rent is $717/mo in 61231, primarily driven by the current value of real estate in the 61231 area. While nearly 47.19% of residents own their homes outright in 61231, 37.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61231 is $4,728 per month. Households that rent pay about 15.16% of their income on rent here. 61231's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 61260, IL: equally priced homes
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- 61476, IL: equally priced homes
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- 61276, IL: higher priced homes
- 61272, IL: equally priced homes
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- 61465, IL: less expensive homes
- 61466, IL: less expensive homes
Zip Codes with Similar Populations
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- 16433, PA: higher priced homes
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