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These days, finding an affordable place to live in the 61240 area can be challenging. Home prices in 61240 are now at a median cost of $223,824, lower than the Illinois average of $300,242.
The average cost of rent is $1,301/mo in 61240, primarily driven by the current value of real estate in the 61240 area. In 61240, 6.89% of households rent, and 36.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61240 is $8,550 per month. Households that rent pay about 15.22% of their income on rent here. 61240’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 61265, IL: less expensive homes
- 61282, IL: less expensive homes
- 61239, IL: less expensive homes
- 61244, IL: less expensive homes
- 61273, IL: equally priced homes
- 61264, IL: less expensive homes
- 61241, IL: less expensive homes
- 61201, IL: less expensive homes
- 61236, IL: less expensive homes
- 61256, IL: less expensive homes
Zip Codes with Similar Populations
- 06354, CT: higher priced homes
- 78583, TX: less expensive homes
- 08551, NJ: higher priced homes
- 08518, NJ: higher priced homes
- 07757, NJ: higher priced homes
- 07082, NJ: higher priced homes
- 78013, TX: higher priced homes
- 06403, CT: higher priced homes
- 05733, VT: higher priced homes
- 04274, ME: higher priced homes
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