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These days, finding an affordable place to live in the 61531 area can be challenging. Home prices in 61531 are now at a median cost of $122,897, lower than the Illinois average of $300,242.
The average cost of rent is $900/mo in 61531, primarily driven by the current value of real estate in the 61531 area. In 61531, 20.45% of households rent, and 36.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61531 is $5,840 per month. Households that rent pay about 15.42% of their income on rent here. 61531’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 61553, IL: equally priced homes
- 61572, IL: equally priced homes
- 61569, IL: higher priced homes
- 61529, IL: higher priced homes
- 61432, IL: higher priced homes
- 61520, IL: equally priced homes
- 61458, IL: less expensive homes
- 61536, IL: higher priced homes
- 61533, IL: higher priced homes
- 61544, IL: less expensive homes
Zip Codes with Similar Populations
- 05489, VT: higher priced homes
- 94525, CA: higher priced homes
- 24954, WV: higher priced homes
- 22213, VA: higher priced homes
- 17082, PA: higher priced homes
- 17353, PA: higher priced homes
- 21890, MD: higher priced homes
- 64011, MO: higher priced homes
- 45053, OH: higher priced homes
- 63037, MO: higher priced homes
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