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These days, finding an affordable place to live in the 62031 area can be challenging. Home prices in 62031 are now at a median cost of $168,181, lower than the Illinois average of $242,002.
The average cost of rent is $722/mo in 62031, primarily driven by the current value of real estate in the 62031 area. While nearly 44.72% of residents own their homes outright in 62031, 4.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62031 is $6,261 per month. Households that rent pay about 11.53% of their income on rent here. 62031's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 62047, IL: less expensive homes
- 62006, IL: higher priced homes
- 62054, IL: less expensive homes
- 62052, IL: less expensive homes
- 62065, IL: less expensive homes
- 62027, IL: less expensive homes
- 62022, IL: equally priced homes
- 62045, IL: less expensive homes
- 62016, IL: less expensive homes
- 63347, MO: equally priced homes
Zip Codes with Similar Populations
- 13361, NY: less expensive homes
- 01032, MA: higher priced homes
- 15358, PA: less expensive homes
- 15351, PA: less expensive homes
- 14842, NY: equally priced homes
- 14841, NY: equally priced homes
- 13681, NY: less expensive homes
- 13665, NY: less expensive homes
- 12837, NY: less expensive homes
- 12824, NY: higher priced homes
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