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These days, finding an affordable place to live in the 62048 area can be challenging. Home prices in 62048 are now at a median cost of $67,622, lower than the Illinois average of $300,242.
The average cost of rent is $995/mo in 62048, primarily driven by the current value of real estate in the 62048 area. In 62048, 15.82% of households rent, and 61.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62048 is $3,693 per month. Households that rent pay about 26.95% of their income on rent here. 62048’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 62084, IL: higher priced homes
- 62087, IL: higher priced homes
- 62095, IL: higher priced homes
- 62024, IL: higher priced homes
- 62018, IL: higher priced homes
- 62026, IL: higher priced homes
- 62010, IL: higher priced homes
- 62002, IL: higher priced homes
- 63138, MO: higher priced homes
- 62040, IL: higher priced homes
Zip Codes with Similar Populations
- 57234, SD: higher priced homes
- 72045, AR: higher priced homes
- 70759, LA: higher priced homes
- 70453, LA: higher priced homes
- 70397, LA: higher priced homes
- 66776, KS: higher priced homes
- 62545, IL: higher priced homes
- 62539, IL: higher priced homes
- 58621, ND: higher priced homes
- 57437, SD: higher priced homes
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