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These days, finding an affordable place to live in the 62216 area can be challenging. Home prices in 62216 are now at a median cost of $256,239, lower than the Illinois average of $300,242.
The average cost of rent is $956/mo in 62216, primarily driven by the current value of real estate in the 62216 area. In 62216, 15.59% of households rent, and 35.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62216 is $9,984 per month. Households that rent pay about 9.57% of their income on rent here. 62216’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 62293, IL: equally priced homes
- 62230, IL: less expensive homes
- 62245, IL: less expensive homes
- 62215, IL: less expensive homes
- 62265, IL: less expensive homes
- 62289, IL: less expensive homes
- 62218, IL: less expensive homes
- 62219, IL: less expensive homes
- 62249, IL: equally priced homes
- 62273, IL: less expensive homes
Zip Codes with Similar Populations
- 06232, CT: higher priced homes
- 61858, IL: less expensive homes
- 46044, IN: less expensive homes
- 45742, OH: less expensive homes
- 44452, OH: higher priced homes
- 38841, MS: less expensive homes
- 28790, NC: higher priced homes
- 28071, NC: higher priced homes
- 19310, PA: higher priced homes
- 15697, PA: less expensive homes
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