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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 $126,996, lower than the Illinois average of $242,002.
The average cost of rent is $605/mo in 62047, primarily driven by the current value of real estate in the 62047 area. While nearly 64.16% of residents own their homes outright in 62047, 13.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62047 is $6,836 per month. Households that rent pay about 8.85% of their income on rent here. 62047's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the zip.
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: higher priced homes
- 63347, MO: higher priced homes
- 63330, MO: higher priced homes
- 63389, MO: higher priced homes
- 62054, IL: less expensive homes
Zip Codes with Similar Populations
- 49050, MI: higher priced homes
- 75847, TX: less expensive homes
- 75487, TX: equally 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: less expensive homes
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