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Expensive
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These days, finding an affordable place to live in the 62316 area can be challenging. Home prices in 62316 are now at a median cost of $58,056, lower than the Illinois average of $242,002.
The average cost of rent is $542/mo in 62316, primarily driven by the current value of real estate in the 62316 area. While nearly 57.62% of residents own their homes outright in 62316, 16.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62316 is $5,013 per month. Households that rent pay about 10.81% of their income on rent here. 62316's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 62311, IL: higher priced homes
- 62380, IL: higher priced homes
- 62346, IL: higher priced homes
- 62339, IL: higher priced homes
- 62349, IL: higher priced homes
- 62313, IL: higher priced homes
- 62367, IL: higher priced homes
- 62344, IL: higher priced homes
- 62334, IL: higher priced homes
- 62373, IL: higher priced homes
Zip Codes with Similar Populations
- 26293, WV: higher priced homes
- 93526, CA: higher priced homes
- 89310, NV: higher priced homes
- 88341, NM: higher priced homes
- 87823, NM: higher priced homes
- 86508, AZ: less expensive homes
- 32437, FL: higher priced homes
- 27531, NC: higher priced homes
- 26411, WV: higher priced homes
- 93529, CA: higher priced homes
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