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These days, finding an affordable place to live in the 61940 area can be challenging. Home prices in 61940 are now at a median cost of $68,900, lower than the Illinois average of $242,002.
The average cost of rent is $808/mo in 61940, primarily driven by the current value of real estate in the 61940 area. While nearly 66.98% of residents own their homes outright in 61940, 27.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in 61940 is $4,568 per month. Households that rent pay about 17.69% of their income on rent here. 61940's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
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- 61941, IL: higher priced homes
Zip Codes with Similar Populations
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