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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 $113,348, lower than the Illinois average of $242,002.
The average cost of rent is $885/mo in 61616, primarily driven by the current value of real estate in the 61616 area. While nearly 45.16% of residents own their homes outright in 61616, 43.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61616 is $4,339 per month. Households that rent pay about 20.39% of their income on rent here. 61616's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 61614, IL: higher priced homes
- 61603, IL: less expensive homes
- 61606, IL: less expensive homes
- 61604, IL: less expensive 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: equally priced homes
- 49935, MI: less expensive homes
- 50047, IA: higher priced homes
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