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These days, finding an affordable place to live in the 62206 area can be challenging. Home prices in 62206 are now at a median cost of $58,636, lower than the Illinois average of $300,242.
The average cost of rent is $966/mo in 62206, primarily driven by the current value of real estate in the 62206 area. In 62206, 44.55% of households rent, and 65.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62206 is $3,311 per month. Households that rent pay about 29.18% of their income on rent here. 62206’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern 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
- 62207, IL: higher priced homes
- 62240, IL: higher priced homes
- 62239, IL: higher priced homes
- 63118, MO: higher priced homes
- 63111, MO: higher priced homes
- 63104, MO: higher priced homes
- 62205, IL: less expensive homes
- 63102, MO: higher priced homes
- 63101, MO: higher priced homes
- 63116, MO: higher priced homes
Zip Codes with Similar Populations
- 68122, NE: higher priced homes
- 27214, NC: higher priced homes
- 28551, NC: higher priced homes
- 30204, GA: higher priced homes
- 30650, GA: higher priced homes
- 32439, FL: higher priced homes
- 32696, FL: higher priced homes
- 33567, FL: higher priced homes
- 01940, MA: higher priced homes
- 35208, AL: higher priced homes
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