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These days, finding an affordable place to live in the 61427 area can be challenging. Home prices in 61427 are now at a median cost of $116,340, lower than the Illinois average of $300,242.
The average cost of rent is $852/mo in 61427, primarily driven by the current value of real estate in the 61427 area. In 61427, 17.35% of households rent, and 57.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61427 is $5,054 per month. Households that rent pay about 16.85% of their income on rent here. 61427’s most expensive areas are in the eastern 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
- 61433, IL: higher priced homes
- 61519, IL: higher priced homes
- 61477, IL: higher priced homes
- 61563, IL: less expensive homes
- 61524, IL: less expensive homes
- 61520, IL: equally priced homes
- 61431, IL: higher priced homes
- 61432, IL: higher priced homes
- 61553, IL: equally priced homes
- 61459, IL: equally priced homes
Zip Codes with Similar Populations
- 70661, LA: less expensive homes
- 47841, IN: higher priced homes
- 47977, IN: higher priced homes
- 01537, MA: higher priced homes
- 48877, MI: higher priced homes
- 49026, MI: higher priced homes
- 51576, IA: higher priced homes
- 53516, WI: higher priced homes
- 54486, WI: higher priced homes
- 55007, MN: higher priced homes
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