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Affordable
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These days, finding an affordable place to live in the 62314 area can be challenging. Home prices in 62314 are now at a median cost of $102,550, lower than the Illinois average of $300,242.
The average cost of rent is $800/mo in 62314, primarily driven by the current value of real estate in the 62314 area. In 62314, 24.72% of households rent, and 61.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62314 is $6,377 per month. Households that rent pay about 12.54% of their income on rent here. 62314’s most expensive areas are in the northwestern 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
- 62357, IL: less expensive homes
- 62362, IL: equally priced homes
- 62312, IL: higher priced homes
- 62340, IL: equally priced homes
- 62323, IL: equally priced homes
- 62363, IL: higher priced homes
- 62356, IL: higher priced homes
- 62345, IL: less expensive homes
- 62347, IL: higher priced homes
- 62365, IL: higher priced homes
Zip Codes with Similar Populations
- 86338, AZ: higher priced homes
- 25634, WV: less expensive homes
- 28452, NC: higher priced homes
- 35775, AL: higher priced homes
- 36373, AL: higher priced homes
- 36858, AL: higher priced homes
- 38459, TN: higher priced homes
- 39877, GA: higher priced homes
- 40940, KY: equally priced homes
- 41234, KY: higher priced homes
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