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These days, finding an affordable place to live in the 61816 area can be challenging. Home prices in 61816 are now at a median cost of $218,900, lower than the Illinois average of $300,242.
The average cost of rent is $879/mo in 61816, primarily driven by the current value of real estate in the 61816 area. In 61816, 10.11% of households rent, and 66.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61816 is $8,598 per month. Households that rent pay about 10.22% of their income on rent here. 61816’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 61810, IL: equally priced homes
- 61852, IL: equally priced homes
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- 61864, IL: higher priced homes
- 61940, IL: less expensive homes
Zip Codes with Similar Populations
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