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These days, finding an affordable place to live in the 61550 area can be challenging. Home prices in 61550 are now at a median cost of $216,863, lower than the Illinois average of $242,002.
The average cost of rent is $816/mo in 61550, primarily driven by the current value of real estate in the 61550 area. While nearly 43.53% of residents own their homes outright in 61550, 18.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61550 is $8,246 per month. Households that rent pay about 9.90% of their income on rent here. 61550's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 61535, IL: equally priced homes
- 61571, IL: less expensive homes
- 61611, IL: less expensive homes
- 61733, IL: equally priced homes
- 61568, IL: less expensive homes
- 61610, IL: less expensive homes
- 61755, IL: less expensive homes
- 61602, IL: less expensive homes
- 61603, IL: less expensive homes
- 61554, IL: less expensive homes
Zip Codes with Similar Populations
- 02724, MA: higher priced homes
- 06032, CT: higher priced homes
- 06615, CT: higher priced homes
- 07067, NJ: higher priced homes
- 07079, NJ: higher priced homes
- 07735, NJ: higher priced homes
- 17821, PA: equally priced homes
- 55350, MN: equally priced homes
- 77318, TX: equally priced homes
- 77028, TX: less expensive homes
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