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These days, finding an affordable place to live in the 61847 area can be challenging. Home prices in 61847 are now at a median cost of $169,159, lower than the Illinois average of $300,242.
The average cost of rent is $616/mo in 61847, primarily driven by the current value of real estate in the 61847 area. In 61847, 6.98% of households rent, and 38.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61847 is $7,031 per month. Households that rent pay about 8.77% of their income on rent here. 61847’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 61862, IL: less expensive homes
- 61866, IL: less expensive homes
- 61812, IL: equally priced homes
- 60949, IL: less expensive homes
- 61878, IL: less expensive homes
- 60957, IL: less expensive homes
- 61865, IL: less expensive homes
- 60960, IL: less expensive homes
- 61831, IL: equally priced homes
- 61840, IL: higher priced homes
Zip Codes with Similar Populations
- 97633, OR: higher priced homes
- 06409, CT: higher priced homes
- 89020, NV: less expensive homes
- 14102, NY: higher priced homes
- 15086, PA: higher priced homes
- 57761, SD: higher priced homes
- 68939, NE: less expensive homes
- 68924, NE: higher priced homes
- 68863, NE: less expensive homes
- 68418, NE: higher priced homes
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