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These days, finding an affordable place to live in the 61862 area can be challenging. Home prices in 61862 are now at a median cost of $150,762, lower than the Illinois average of $242,002.
The average cost of rent is $706/mo in 61862, primarily driven by the current value of real estate in the 61862 area. While nearly 51.83% of residents own their homes outright in 61862, 19.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61862 is $7,172 per month. Households that rent pay about 9.85% of their income on rent here. 61862's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 61847, IL: equally priced homes
- 61812, IL: less expensive homes
- 61865, IL: less expensive homes
- 61866, IL: less expensive homes
- 61831, IL: less expensive homes
- 60949, IL: less expensive homes
- 60960, IL: less expensive homes
- 61878, IL: less expensive homes
- 60957, IL: less expensive homes
- 61848, IL: less expensive homes
Zip Codes with Similar Populations
- 32461, FL: higher priced homes
- 99606, AK: less expensive homes
- 39166, MS: less expensive homes
- 38957, MS: less expensive homes
- 99626, AK: higher priced homes
- 38740, MS: less expensive homes
- 03780, NH: equally priced homes
- 35464, AL: less expensive homes
- 35060, AL: less expensive homes
- 33924, FL: higher priced homes
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