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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 $147,694, lower than the Illinois average of $300,242.
The average cost of rent is $960/mo in 61862, primarily driven by the current value of real estate in the 61862 area. In 61862, 19.00% of households rent, and 51.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 61862 is $8,757 per month. Households that rent pay about 10.96% of their income on rent here. 61862’s most expensive areas are in the eastern 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
- 61847, IL: higher priced homes
- 61812, IL: equally priced homes
- 61865, IL: equally priced homes
- 61866, IL: less expensive homes
- 61831, IL: equally priced homes
- 60949, IL: equally priced 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: higher priced homes
- 39166, MS: less expensive homes
- 38957, MS: less expensive homes
- 99626, AK: higher priced homes
- 38740, MS: less expensive homes
- 03780, NH: higher priced homes
- 35464, AL: less expensive homes
- 35060, AL: equally priced homes
- 33924, FL: higher priced homes
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