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These days, finding an affordable place to live in the 62047 area can be challenging. Home prices in 62047 are now at a median cost of $151,554, lower than the Illinois average of $300,242.
The average cost of rent is $560/mo in 62047, primarily driven by the current value of real estate in the 62047 area. In 62047, 18.35% of households rent, and 68.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62047 is $8,937 per month. Households that rent pay about 6.27% of their income on rent here. 62047’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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
- 62065, IL: equally priced homes
- 62031, IL: higher priced homes
- 62045, IL: higher priced homes
- 62006, IL: higher priced homes
- 62027, IL: less expensive homes
- 63343, MO: equally priced homes
- 63347, MO: higher priced homes
- 63330, MO: equally priced homes
- 63389, MO: higher priced homes
- 62054, IL: less expensive homes
Zip Codes with Similar Populations
- 49050, MI: higher priced homes
- 75847, TX: equally priced homes
- 75487, TX: higher priced homes
- 73566, OK: less expensive homes
- 73040, OK: less expensive homes
- 71438, LA: equally priced homes
- 55312, MN: higher priced homes
- 50166, IA: higher priced homes
- 01072, MA: higher priced homes
- 75929, TX: equally priced homes
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