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These days, finding an affordable place to live in the 62275 area can be challenging. Home prices in 62275 are now at a median cost of $184,742, lower than the Illinois average of $300,242.
The average cost of rent is $904/mo in 62275, primarily driven by the current value of real estate in the 62275 area. In 62275, 18.11% of households rent, and 42.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62275 is $7,978 per month. Households that rent pay about 11.33% of their income on rent here. 62275’s most expensive areas are in the western 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
- 62273, IL: equally priced homes
- 62249, IL: higher priced homes
- 62246, IL: less expensive homes
- 62001, IL: higher priced homes
- 62061, IL: higher priced homes
- 62086, IL: less expensive homes
- 62074, IL: equally priced homes
- 62284, IL: higher priced homes
- 62281, IL: higher priced homes
- 62253, IL: less expensive homes
Zip Codes with Similar Populations
- 31037, GA: less expensive homes
- 49870, MI: less expensive homes
- 51239, IA: higher priced homes
- 52253, IA: higher priced homes
- 56461, MN: higher priced homes
- 59255, MT: less expensive homes
- 68767, NE: higher priced homes
- 73554, OK: less expensive homes
- 75880, TX: equally priced homes
- 31046, GA: higher priced homes
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