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These days, finding an affordable place to live in the 62205 area can be challenging. Home prices in 62205 are now at a median cost of $45,641, lower than the Illinois average of $300,242.
The average cost of rent is $1,025/mo in 62205, primarily driven by the current value of real estate in the 62205 area. In 62205, 32.53% of households rent, and 72.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62205 is $4,679 per month. Households that rent pay about 21.90% of their income on rent here. 62205’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western 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
- 62201, IL: higher priced homes
- 62204, IL: higher priced homes
- 62207, IL: higher priced homes
- 62203, IL: higher priced homes
- 62059, IL: less expensive homes
- 63102, MO: higher priced homes
- 63101, MO: higher priced homes
- 62206, IL: higher priced homes
- 62090, IL: higher priced homes
- 63106, MO: higher priced homes
Zip Codes with Similar Populations
- 30183, GA: higher priced homes
- 78643, TX: higher priced homes
- 77665, TX: higher priced homes
- 76825, TX: higher priced homes
- 76642, TX: higher priced homes
- 38680, MS: higher priced homes
- 35218, AL: higher priced homes
- 33834, FL: higher priced homes
- 30621, GA: higher priced homes
- 78657, TX: higher priced homes
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