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These days, finding an affordable place to live in the 62240 area can be challenging. Home prices in 62240 are now at a median cost of $100,539, lower than the Illinois average of $242,002.
The average cost of rent is $924/mo in 62240, primarily driven by the current value of real estate in the 62240 area. While nearly 47.30% of residents own their homes outright in 62240, 27.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62240 is $4,996 per month. Households that rent pay about 18.49% of their income on rent here. 62240's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 62239, IL: higher priced homes
- 62206, IL: less expensive homes
- 63111, MO: equally priced homes
- 63118, MO: higher priced homes
- 63116, MO: higher priced homes
- 63125, MO: higher priced homes
- 62236, IL: higher priced homes
- 62207, IL: less expensive homes
- 63104, MO: higher priced homes
- 63109, MO: higher priced homes
Zip Codes with Similar Populations
- 43457, OH: higher priced homes
- 17929, PA: higher priced homes
- 18844, PA: higher priced homes
- 18854, PA: higher priced homes
- 22971, VA: higher priced homes
- 23011, VA: higher priced homes
- 23830, VA: higher priced homes
- 47393, IN: higher priced homes
- 73647, OK: higher priced homes
- 72419, AR: less expensive homes
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