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These days, finding an affordable place to live in the 62050 area can be challenging. Home prices in 62050 are now at a median cost of $112,500, lower than the Illinois average of $242,002.
The average cost of rent is $692/mo in 62050, primarily driven by the current value of real estate in the 62050 area. While nearly 53.96% of residents own their homes outright in 62050, 10.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62050 is $6,979 per month. Households that rent pay about 9.92% of their income on rent here. 62050's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 62078, IL: equally priced homes
- 62092, IL: less expensive homes
- 62361, IL: less expensive homes
- 62610, IL: equally priced homes
- 62082, IL: less expensive homes
- 62352, IL: less expensive homes
- 62053, IL: equally priced homes
- 62663, IL: equally priced homes
- 62098, IL: less expensive homes
- 62355, IL: less expensive homes
Zip Codes with Similar Populations
- 24851, WV: less expensive homes
- 81649, CO: higher priced homes
- 81148, CO: higher priced homes
- 81121, CO: higher priced homes
- 38589, TN: higher priced homes
- 37845, TN: less expensive homes
- 25836, WV: higher priced homes
- 25688, WV: less expensive homes
- 25076, WV: less expensive homes
- 25062, WV: less expensive homes
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