Expensive
Affordable
Affordable
Colorblind friendly
off
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 $115,897, lower than the Illinois average of $300,242.
The average cost of rent is $925/mo in 62040, primarily driven by the current value of real estate in the 62040 area. In 62040, 25.37% of households rent, and 47.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62040 is $5,070 per month. Households that rent pay about 18.25% of their income on rent here. 62040’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 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: higher 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
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood