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Affordable
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These days, finding an affordable place to live in the 62297 area can be challenging. Home prices in 62297 are now at a median cost of $172,394, lower than the Illinois average of $300,242.
The average cost of rent is $861/mo in 62297, primarily driven by the current value of real estate in the 62297 area. In 62297, 4.44% of households rent, and 62.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62297 is $6,001 per month. Households that rent pay about 14.35% of their income on rent here. 62297’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 62241, IL: less expensive homes
- 62242, IL: less expensive homes
- 62286, IL: less expensive homes
- 62288, IL: less expensive homes
- 62217, IL: less expensive homes
- 62233, IL: less expensive homes
- 62259, IL: higher priced homes
- 62261, IL: less expensive homes
- 62272, IL: less expensive homes
- 62997, IL: less expensive homes
Zip Codes with Similar Populations
- 95225, CA: higher priced homes
- 18245, PA: higher priced homes
- 99137, WA: higher priced homes
- 18473, PA: higher priced homes
- 19523, PA: higher priced homes
- 97639, OR: higher priced homes
- 97490, OR: higher priced homes
- 22641, VA: higher priced homes
- 97430, OR: higher priced homes
- 96121, CA: equally priced homes
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