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These days, finding an affordable place to live in the 62294 area can be challenging. Home prices in 62294 are now at a median cost of $290,752, lower than the Illinois average of $300,242.
The average cost of rent is $1,184/mo in 62294, primarily driven by the current value of real estate in the 62294 area. In 62294, 17.01% of households rent, and 28.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62294 is $9,967 per month. Households that rent pay about 11.88% of their income on rent here. 62294’s most expensive areas are in the northeastern 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
- 62062, IL: less expensive homes
- 62281, IL: equally priced homes
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- 62234, IL: less expensive homes
- 62061, IL: less expensive homes
- 62025, IL: equally priced homes
- 62026, IL: higher priced homes
- 62254, IL: less expensive homes
- 62232, IL: less expensive homes
- 62046, IL: less expensive homes
Zip Codes with Similar Populations
- 76301, TX: less expensive homes
- 33706, FL: higher priced homes
- 34610, FL: equally priced homes
- 35120, AL: less expensive homes
- 36081, AL: less expensive homes
- 55804, MN: higher priced homes
- 56258, MN: less expensive homes
- 75249, TX: equally priced homes
- 76103, TX: less expensive homes
- 01510, MA: higher priced homes
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