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These days, finding an affordable place to live in the 62242 area can be challenging. Home prices in 62242 are now at a median cost of $100,335, lower than the Illinois average of $242,002.
The average cost of rent is $602/mo in 62242, primarily driven by the current value of real estate in the 62242 area. While nearly 58.17% of residents own their homes outright in 62242, 11.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62242 is $4,975 per month. Households that rent pay about 12.10% of their income on rent here. 62242's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 62261, IL: higher priced homes
- 62241, IL: higher priced homes
- 62297, IL: higher priced homes
- 62217, IL: equally priced homes
- 62277, IL: equally priced homes
- 62279, IL: higher priced homes
- 62286, IL: higher priced homes
- 62233, IL: higher priced homes
- 62259, IL: higher priced homes
- 63670, MO: higher priced homes
Zip Codes with Similar Populations
- 57368, SD: higher priced homes
- 47468, IN: higher priced homes
- 47948, IN: less expensive homes
- 48454, MI: higher priced homes
- 48468, MI: higher priced homes
- 52155, IA: higher priced homes
- 52754, IA: higher priced homes
- 53803, WI: higher priced homes
- 54480, WI: higher priced homes
- 54511, WI: higher priced homes
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