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These days, finding an affordable place to live in the 62201 area can be challenging. Home prices in 62201 are now at a median cost of $63,956, lower than the Illinois average of $300,242.
The average cost of rent is $998/mo in 62201, primarily driven by the current value of real estate in the 62201 area. In 62201, 50.10% of households rent, and 71.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62201 is $3,576 per month. Households that rent pay about 27.91% of their income on rent here. 62201’s most expensive areas are in the northeastern 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
- 62205, IL: less expensive homes
- 62204, IL: less expensive homes
- 62059, IL: less expensive homes
- 62207, IL: equally priced homes
- 63102, MO: higher priced homes
- 63101, MO: higher priced homes
- 62090, IL: less expensive homes
- 62060, IL: higher priced homes
- 62203, IL: higher priced homes
- 63106, MO: higher priced homes
Zip Codes with Similar Populations
- 06331, CT: higher priced homes
- 92315, CA: higher priced homes
- 95709, CA: higher priced homes
- 96727, HI: higher priced homes
- 96760, HI: higher priced homes
- 97032, OR: higher priced homes
- 97394, OR: higher priced homes
- 97446, OR: higher priced homes
- 08343, NJ: higher priced homes
- 07647, NJ: higher priced homes
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