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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 $85,698, lower than the Illinois average of $300,242.
The average cost of rent is $789/mo in 61501, primarily driven by the current value of real estate in the 61501 area. In 61501, 25.13% of households rent, and 55.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61501 is $5,199 per month. Households that rent pay about 15.18% of their income on rent here. 61501’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern 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
- 62624, IL: equally priced homes
- 61484, IL: less expensive homes
- 61441, IL: higher priced homes
- 61482, IL: higher priced homes
- 62617, IL: less expensive 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: less expensive homes
- 41539, KY: less expensive 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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