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These days, finding an affordable place to live in the 61340 area can be challenging. Home prices in 61340 are now at a median cost of $168,500, lower than the Illinois average of $300,242.
The average cost of rent is $850/mo in 61340, primarily driven by the current value of real estate in the 61340 area. In 61340, 28.25% of households rent, and 55.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61340 is $5,857 per month. Households that rent pay about 14.51% of their income on rent here. 61340’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 61326, IL: less expensive homes
- 61363, IL: less expensive homes
- 61327, IL: higher priced homes
- 61362, IL: equally priced homes
- 61322, IL: less expensive homes
- 61316, IL: less expensive homes
- 61335, IL: equally priced homes
- 61315, IL: less expensive homes
- 61359, IL: less expensive homes
- 61320, IL: equally priced homes
Zip Codes with Similar Populations
- 41560, KY: less expensive homes
- 82516, WY: higher priced homes
- 82190, WY: higher priced homes
- 80750, CO: higher priced homes
- 52594, IA: equally priced homes
- 47866, IN: higher priced homes
- 47449, IN: higher priced homes
- 45673, OH: equally priced homes
- 45111, OH: higher priced homes
- 44045, OH: higher priced homes
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