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These days, finding an affordable place to live in the 61731 area can be challenging. Home prices in 61731 are now at a median cost of $196,820, lower than the Illinois average of $300,242.
The average cost of rent is $1,075/mo in 61731, primarily driven by the current value of real estate in the 61731 area. In 61731, 22.62% of households rent, and 48.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61731 is $9,432 per month. Households that rent pay about 11.40% of their income on rent here. 61731’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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
- 61720, IL: less expensive homes
- 61775, IL: equally priced homes
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- 61741, IL: less expensive homes
- 60952, IL: less expensive homes
- 61730, IL: less expensive homes
- 60921, IL: less expensive homes
- 61726, IL: less expensive homes
Zip Codes with Similar Populations
- 92678, CA: higher priced homes
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- 94922, CA: higher priced homes
- 93549, CA: equally priced homes
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