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These days, finding an affordable place to live in the 62016 area can be challenging. Home prices in 62016 are now at a median cost of $102,677, lower than the Illinois average of $242,002.
The average cost of rent is $789/mo in 62016, primarily driven by the current value of real estate in the 62016 area. While nearly 57.03% of residents own their homes outright in 62016, 25.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62016 is $5,535 per month. Households that rent pay about 14.25% of their income on rent here. 62016's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 62027, IL: equally priced homes
- 62054, IL: equally priced homes
- 62098, IL: less expensive homes
- 62081, IL: less expensive homes
- 62044, IL: equally priced homes
- 62053, IL: higher priced homes
- 62065, IL: higher priced homes
- 62052, IL: higher priced homes
- 62031, IL: higher priced homes
- 62047, IL: higher priced homes
Zip Codes with Similar Populations
- 04856, ME: higher priced homes
- 99328, WA: higher priced homes
- 94129, CA: higher priced homes
- 89021, NV: higher priced homes
- 82937, WY: higher priced homes
- 81428, CO: higher priced homes
- 76849, TX: higher priced homes
- 73098, OK: higher priced homes
- 71033, LA: higher priced homes
- 63565, MO: higher priced homes
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