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These days, finding an affordable place to live in the 62245 area can be challenging. Home prices in 62245 are now at a median cost of $204,787, lower than the Illinois average of $300,242.
The average cost of rent is $944/mo in 62245, primarily driven by the current value of real estate in the 62245 area. In 62245, 13.95% of households rent, and 53.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62245 is $7,558 per month. Households that rent pay about 12.50% of their income on rent here. 62245’s most expensive areas are in the northwestern 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
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Zip Codes with Similar Populations
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