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These days, finding an affordable place to live in the 61701 area can be challenging. Home prices in 61701 are now at a median cost of $153,334, lower than the Illinois average of $300,242.
The average cost of rent is $1,000/mo in 61701, primarily driven by the current value of real estate in the 61701 area. In 61701, 43.84% of households rent, and 35.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61701 is $5,509 per month. Households that rent pay about 18.14% of their income on rent here. 61701’s most expensive areas are in the eastern 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
- 61705, IL: higher priced homes
- 61704, IL: higher priced homes
- 61761, IL: higher priced homes
- 61772, IL: higher priced homes
- 61776, IL: higher priced homes
- 61736, IL: higher priced homes
- 61745, IL: higher priced homes
- 61732, IL: higher priced homes
- 61774, IL: equally priced homes
- 61737, IL: equally priced homes
Zip Codes with Similar Populations
- 07410, NJ: higher priced homes
- 71106, LA: higher priced homes
- 51501, IA: equally priced homes
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- 11710, NY: higher priced homes
- 95348, CA: higher priced homes
- 94401, CA: higher priced homes
- 95361, CA: higher priced homes
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