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Affordable
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These days, finding an affordable place to live in the 62261 area can be challenging. Home prices in 62261 are now at a median cost of $147,433, lower than the Illinois average of $300,242.
The average cost of rent is $1,065/mo in 62261, primarily driven by the current value of real estate in the 62261 area. In 62261, 11.39% of households rent, and 53.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62261 is $5,140 per month. Households that rent pay about 20.72% of their income on rent here. 62261’s most expensive areas are in the northeastern 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
- 62242, IL: less expensive homes
- 62241, IL: less expensive homes
- 62277, IL: less expensive homes
- 63670, MO: higher priced homes
- 62297, IL: higher priced homes
- 62279, IL: higher priced homes
- 62259, IL: higher priced homes
- 62217, IL: less expensive homes
- 62233, IL: equally priced homes
- 63627, MO: higher priced homes
Zip Codes with Similar Populations
- 81646, CO: higher priced homes
- 48896, MI: higher priced homes
- 49674, MI: higher priced homes
- 49929, MI: less expensive homes
- 50052, IA: equally priced homes
- 79560, TX: less expensive homes
- 79834, TX: higher priced homes
- 80448, CO: higher priced homes
- 80721, CO: higher priced homes
- 80745, CO: higher priced homes
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