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These days, finding an affordable place to live in the 61316 area can be challenging. Home prices in 61316 are now at a median cost of $136,000, lower than the Illinois average of $242,002.
The average cost of rent is $879/mo in 61316, primarily driven by the current value of real estate in the 61316 area. While nearly 47.53% of residents own their homes outright in 61316, 18.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61316 is $4,896 per month. Households that rent pay about 17.95% of their income on rent here. 61316's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 61363, IL: less expensive homes
- 61348, IL: less expensive homes
- 61354, IL: higher priced homes
- 61326, IL: less expensive homes
- 61370, IL: higher priced homes
- 61301, IL: less expensive homes
- 61362, IL: less expensive homes
- 61340, IL: higher priced homes
- 61320, IL: less expensive homes
- 61335, IL: higher priced homes
Zip Codes with Similar Populations
- 50477, IA: equally priced homes
- 49116, MI: higher priced homes
- 49312, MI: less expensive homes
- 49611, MI: less expensive homes
- 49834, MI: less expensive homes
- 49901, MI: less expensive homes
- 49962, MI: equally priced homes
- 50067, IA: less expensive homes
- 50252, IA: equally priced homes
- 50254, IA: higher priced homes
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