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These days, finding an affordable place to live in the 61616 area can be challenging. Home prices in 61616 are now at a median cost of $122,450, lower than the Illinois average of $300,242.
The average cost of rent is $957/mo in 61616, primarily driven by the current value of real estate in the 61616 area. In 61616, 33.22% of households rent, and 64.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61616 is $5,270 per month. Households that rent pay about 18.15% of their income on rent here. 61616’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western 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
- 61614, IL: higher priced homes
- 61603, IL: less expensive homes
- 61606, IL: equally priced homes
- 61604, IL: equally priced homes
- 61625, IL: higher priced homes
- 61602, IL: higher priced homes
- 61615, IL: higher priced homes
- 61611, IL: higher priced homes
- 61605, IL: less expensive homes
- 61552, IL: higher priced homes
Zip Codes with Similar Populations
- 02822, RI: higher priced homes
- 02830, RI: higher priced homes
- 03070, NH: higher priced homes
- 03229, NH: higher priced homes
- 59847, MT: higher priced homes
- 49346, MI: higher priced homes
- 49451, MI: higher priced homes
- 49631, MI: higher priced homes
- 49935, MI: equally priced homes
- 50047, IA: higher priced homes
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