The Most Affordable Neighborhoods in 61742, IL by Home Value

 

61742, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 61742 area can be challenging. Home prices in 61742 are now at a median cost of $200,670, lower than the Illinois average of $242,002.

The average cost of rent is $957/mo in 61742, primarily driven by the current value of real estate in the 61742 area. While nearly 41.66% of residents own their homes outright in 61742, 10.47% rent.

Housing affordability isn’t just about home prices, though. The average household income in 61742 is $7,311 per month. Households that rent pay about 13.08% of their income on rent here. 61742's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.


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