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These days, finding an affordable place to live in the 62298 area can be challenging. Home prices in 62298 are now at a median cost of $289,967, lower than the Illinois average of $300,242.
The average cost of rent is $981/mo in 62298, primarily driven by the current value of real estate in the 62298 area. In 62298, 15.28% of households rent, and 41.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62298 is $8,601 per month. Households that rent pay about 11.40% of their income on rent here. 62298’s most expensive areas are in the southeastern 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
- 62295, IL: less expensive homes
- 62236, IL: equally priced homes
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- 62248, IL: less expensive homes
- 62244, IL: less expensive homes
- 62285, IL: equally priced homes
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- 63053, MO: less expensive homes
- 62278, IL: less expensive homes
- 63129, MO: equally priced homes
Zip Codes with Similar Populations
- 65613, MO: less expensive homes
- 33035, FL: higher priced homes
- 33534, FL: equally priced homes
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- 35150, AL: less expensive homes
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- 47501, IN: less expensive homes
- 48240, MI: less expensive homes
- 48374, MI: higher priced homes
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