The Most Affordable Neighborhoods in 62263, IL by Home Value

 

62263, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 62263 area can be challenging. Home prices in 62263 are now at a median cost of $133,869, lower than the Illinois average of $242,002.

The average cost of rent is $708/mo in 62263, primarily driven by the current value of real estate in the 62263 area. While nearly 43.32% of residents own their homes outright in 62263, 21.69% rent.

Housing affordability isn’t just about home prices, though. The average household income in 62263 is $5,614 per month. Households that rent pay about 12.61% of their income on rent here. 62263's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.


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