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These days, finding an affordable place to live in the 62231 area can be challenging. Home prices in 62231 are now at a median cost of $144,091, lower than the Illinois average of $242,002.
The average cost of rent is $829/mo in 62231, primarily driven by the current value of real estate in the 62231 area. While nearly 53.35% of residents own their homes outright in 62231, 17.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62231 is $6,034 per month. Households that rent pay about 13.74% of their income on rent here. 62231's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 62219, IL: equally priced homes
- 62250, IL: less expensive homes
- 62218, IL: equally priced homes
- 62253, IL: less expensive homes
- 62230, IL: equally priced homes
- 62245, IL: higher priced homes
- 62882, IL: less expensive homes
- 62216, IL: higher priced homes
- 62801, IL: less expensive homes
- 62215, IL: higher priced homes
Zip Codes with Similar Populations
- 01775, MA: higher priced homes
- 37030, TN: higher priced homes
- 32618, FL: equally priced homes
- 30628, GA: higher priced homes
- 79104, TX: less expensive homes
- 27505, NC: equally priced homes
- 92624, CA: higher priced homes
- 17074, PA: higher priced homes
- 17059, PA: higher priced homes
- 16870, PA: higher priced homes
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