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These days, finding an affordable place to live in the 61501 area can be challenging. Home prices in 61501 are now at a median cost of $66,717, lower than the Illinois average of $242,002.
The average cost of rent is $574/mo in 61501, primarily driven by the current value of real estate in the 61501 area. While nearly 50.86% of residents own their homes outright in 61501, 20.43% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61501 is $4,715 per month. Households that rent pay about 12.17% of their income on rent here. 61501's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 62624, IL: higher priced homes
- 61484, IL: less expensive homes
- 61441, IL: higher priced homes
- 61482, IL: equally priced homes
- 62617, IL: equally priced homes
- 62681, IL: higher priced homes
- 61440, IL: higher priced homes
- 61542, IL: higher priced homes
- 61452, IL: higher priced homes
- 62644, IL: higher priced homes
Zip Codes with Similar Populations
- 71858, AR: equally priced homes
- 41539, KY: equally priced homes
- 44854, OH: higher priced homes
- 45768, OH: higher priced homes
- 46926, IN: higher priced homes
- 47030, IN: higher priced homes
- 49769, MI: higher priced homes
- 50028, IA: higher priced homes
- 50682, IA: higher priced homes
- 51652, IA: higher priced homes
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