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Expensive
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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 $232,600, lower than the Illinois average of $242,002.
The average cost of rent is $791/mo in 61816, primarily driven by the current value of real estate in the 61816 area. While nearly 63.89% of residents own their homes outright in 61816, 9.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61816 is $9,340 per month. Households that rent pay about 8.47% of their income on rent here. 61816's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 61810, IL: less expensive homes
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- 61940, IL: less expensive homes
Zip Codes with Similar Populations
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- 42741, KY: less expensive homes
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