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Affordable
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These days, finding an affordable place to live in the 62320 area can be challenging. Home prices in 62320 are now at a median cost of $165,947, lower than the Illinois average of $300,242.
The average cost of rent is $734/mo in 62320, primarily driven by the current value of real estate in the 62320 area. In 62320, 24.72% of households rent, and 49.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62320 is $6,063 per month. Households that rent pay about 12.10% of their income on rent here. 62320’s most expensive areas are in the southern regions, while the cheapest areas are in the northern 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
- 62325, IL: equally priced homes
- 62324, IL: less expensive homes
- 62359, IL: equally priced homes
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- 62346, IL: less expensive homes
- 62338, IL: higher priced homes
- 62375, IL: equally priced homes
- 62349, IL: less expensive homes
- 62351, IL: less expensive homes
- 62344, IL: less expensive homes
Zip Codes with Similar Populations
- 13797, NY: less expensive homes
- 72562, AR: less expensive homes
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- 76127, TX: higher priced homes
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- 71362, LA: less expensive homes
- 69336, NE: less expensive homes
- 17264, PA: equally priced homes
- 16822, PA: higher priced homes
- 15043, PA: higher priced homes
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