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These days, finding an affordable place to live in the 61277 area can be challenging. Home prices in 61277 are now at a median cost of $155,077, lower than the Illinois average of $300,242.
The average cost of rent is $762/mo in 61277, primarily driven by the current value of real estate in the 61277 area. In 61277, 19.80% of households rent, and 41.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61277 is $7,544 per month. Households that rent pay about 10.10% of their income on rent here. 61277’s most expensive areas are in the eastern 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.
Nearby Zip Codes
- 61261, IL: less expensive homes
- 61250, IL: equally priced homes
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- 61251, IL: higher priced homes
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- 61243, IL: equally priced homes
- 61037, IL: higher priced homes
- 61346, IL: less expensive homes
- 61257, IL: equally priced homes
- 61071, IL: less expensive homes
Zip Codes with Similar Populations
- 62075, IL: less expensive homes
- 45780, OH: higher priced homes
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- 52645, IA: higher priced homes
- 53013, WI: higher priced homes
- 53811, WI: higher priced homes
- 55390, MN: higher priced homes
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