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These days, finding an affordable place to live in the 61723 area can be challenging. Home prices in 61723 are now at a median cost of $139,760, lower than the Illinois average of $300,242.
The average cost of rent is $842/mo in 61723, primarily driven by the current value of real estate in the 61723 area. In 61723, 16.59% of households rent, and 36.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61723 is $6,388 per month. Households that rent pay about 13.18% of their income on rent here. 61723’s most expensive areas are in the northwestern 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
- 61751, IL: higher priced homes
- 61754, IL: higher priced homes
- 61721, IL: higher priced homes
- 61778, IL: equally priced homes
- 62512, IL: equally priced homes
- 62656, IL: equally priced homes
- 62643, IL: equally priced homes
- 62635, IL: less expensive homes
- 61749, IL: less expensive homes
- 61772, IL: higher priced homes
Zip Codes with Similar Populations
- 52656, IA: higher priced homes
- 39423, MS: less expensive homes
- 39657, MS: less expensive homes
- 41086, KY: higher priced homes
- 42087, KY: higher priced homes
- 01022, MA: higher priced homes
- 43128, OH: higher priced homes
- 43730, OH: equally priced homes
- 46070, IN: equally priced homes
- 50574, IA: less expensive homes
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