The Most Affordable Neighborhoods in 61832, IL by Home Value

 

61832, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 61832 area can be challenging. Home prices in 61832 are now at a median cost of $87,452, lower than the Illinois average of $242,002.

The average cost of rent is $715/mo in 61832, primarily driven by the current value of real estate in the 61832 area. While nearly 60.41% of residents own their homes outright in 61832, 42.18% rent.

Housing affordability isn’t just about home prices, though. The average household income in 61832 is $3,704 per month. Households that rent pay about 19.31% of their income on rent here. 61832's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the zip.


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