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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 $61,200, lower than the Illinois average of $242,002.
The average cost of rent is $598/mo in 61416, primarily driven by the current value of real estate in the 61416 area. While nearly 54.24% of residents own their homes outright in 61416, 7.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61416 is $4,511 per month. Households that rent pay about 13.26% of their income on rent here. 61416's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 61422, IL: higher priced homes
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- 61475, IL: higher priced homes
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- 62326, IL: higher priced homes
- 61477, IL: higher priced homes
Zip Codes with Similar Populations
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