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These days, finding an affordable place to live in the 62040 area can be challenging. Home prices in 62040 are now at a median cost of $97,260, lower than the Illinois average of $242,002.
The average cost of rent is $806/mo in 62040, primarily driven by the current value of real estate in the 62040 area. While nearly 43.74% of residents own their homes outright in 62040, 30.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62040 is $4,450 per month. Households that rent pay about 18.12% of their income on rent here. 62040's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 62060, IL: less expensive homes
- 62090, IL: less expensive homes
- 62059, IL: less expensive homes
- 63137, MO: less expensive homes
- 62201, IL: less expensive homes
- 62204, IL: less expensive homes
- 63107, MO: less expensive homes
- 63147, MO: less expensive homes
- 63138, MO: equally priced homes
- 62234, IL: higher priced homes
Zip Codes with Similar Populations
- 54701, WI: higher priced homes
- 31061, GA: higher priced homes
- 98006, WA: higher priced homes
- 94134, CA: higher priced homes
- 92240, CA: higher priced homes
- 63122, MO: higher priced homes
- 50613, IA: higher priced homes
- 08857, NJ: higher priced homes
- 06484, CT: higher priced homes
- 94117, CA: higher priced homes
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