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These days, finding an affordable place to live in the 62218 area can be challenging. Home prices in 62218 are now at a median cost of $199,993, lower than the Illinois average of $300,242.
The average cost of rent is $695/mo in 62218, primarily driven by the current value of real estate in the 62218 area. In 62218, 7.57% of households rent, and 45.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62218 is $7,298 per month. Households that rent pay about 9.52% of their income on rent here. 62218’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 62245, IL: equally priced homes
- 62219, IL: equally priced homes
- 62230, IL: higher priced homes
- 62271, IL: less expensive homes
- 62215, IL: equally priced homes
- 62231, IL: less expensive homes
- 62216, IL: higher priced homes
- 62250, IL: less expensive homes
- 62803, IL: less expensive homes
- 62266, IL: less expensive homes
Zip Codes with Similar Populations
- 71277, LA: less expensive homes
- 30149, GA: higher priced homes
- 31016, GA: higher priced homes
- 31057, GA: less expensive homes
- 31781, GA: less expensive homes
- 35548, AL: less expensive homes
- 36005, AL: less expensive homes
- 37118, TN: higher priced homes
- 41033, KY: equally priced homes
- 52345, IA: higher priced homes
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