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These days, finding an affordable place to live in the 61416 area can be challenging. Home prices in 61416 are now at a median cost of $75,000, lower than the Illinois average of $300,242.
The average cost of rent is $547/mo in 61416, primarily driven by the current value of real estate in the 61416 area. In 61416, 6.81% of households rent, and 63.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61416 is $5,159 per month. Households that rent pay about 10.60% of their income on rent here. 61416’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
- 61422, IL: equally priced homes
- 61411, IL: higher priced homes
- 61455, IL: higher priced homes
- 61438, IL: higher priced homes
- 61459, IL: higher priced homes
- 61482, IL: higher priced homes
- 61475, IL: higher priced homes
- 61440, IL: higher priced homes
- 62326, IL: higher priced homes
- 61477, IL: higher priced homes
Zip Codes with Similar Populations
- 95248, CA: higher priced homes
- 12471, NY: higher priced homes
- 67632, KS: higher priced homes
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- 67868, KS: higher priced homes
- 67751, KS: higher priced homes
- 68759, NE: higher priced homes
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