The Most Affordable Neighborhoods in 61437, IL by Home Value

 

61437, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 61437 area can be challenging. Home prices in 61437 are now at a median cost of $106,100, lower than the Illinois average of $242,002.

The average cost of rent is $1,013/mo in 61437, primarily driven by the current value of real estate in the 61437 area. While nearly 60.33% of residents own their homes outright in 61437, 20.52% rent.

Housing affordability isn’t just about home prices, though. The average household income in 61437 is $4,854 per month. Households that rent pay about 20.87% of their income on rent here. 61437's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the zip.


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