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These days, finding an affordable place to live in the 62248 area can be challenging. Home prices in 62248 are now at a median cost of $184,500, lower than the Illinois average of $300,242.
The average cost of rent is $746/mo in 62248, primarily driven by the current value of real estate in the 62248 area. In 62248, 13.57% of households rent, and 54.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62248 is $8,484 per month. Households that rent pay about 8.79% of their income on rent here. 62248’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 62264, IL: less expensive homes
- 62285, IL: higher priced homes
- 62278, IL: equally priced homes
- 62298, IL: higher priced homes
- 62243, IL: higher priced homes
- 62255, IL: less expensive homes
- 62260, IL: higher priced homes
- 62244, IL: higher priced homes
- 62256, IL: higher priced homes
- 62257, IL: less expensive homes
Zip Codes with Similar Populations
- 25261, WV: less expensive homes
- 87936, NM: less expensive homes
- 87742, NM: higher priced homes
- 31743, GA: less expensive homes
- 27840, NC: less expensive homes
- 26369, WV: less expensive homes
- 25978, WV: less expensive homes
- 25820, WV: higher priced homes
- 25644, WV: less expensive homes
- 88348, NM: higher priced homes
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