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Affordable
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These days, finding an affordable place to live in the 62338 area can be challenging. Home prices in 62338 are now at a median cost of $229,804, lower than the Illinois average of $300,242.
The average cost of rent is $1,323/mo in 62338, primarily driven by the current value of real estate in the 62338 area. In 62338, 4.64% of households rent, and 35.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62338 is $7,911 per month. Households that rent pay about 16.72% of their income on rent here. 62338’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 62359, IL: less expensive homes
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Zip Codes with Similar Populations
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