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These days, finding an affordable place to live in the 61320 area can be challenging. Home prices in 61320 are now at a median cost of $160,194, lower than the Illinois average of $300,242.
The average cost of rent is $931/mo in 61320, primarily driven by the current value of real estate in the 61320 area. In 61320, 25.52% of households rent, and 42.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61320 is $6,707 per month. Households that rent pay about 13.88% of their income on rent here. 61320’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
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Zip Codes with Similar Populations
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