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These days, finding an affordable place to live in the 62340 area can be challenging. Home prices in 62340 are now at a median cost of $101,344, lower than the Illinois average of $242,002.
The average cost of rent is $462/mo in 62340, primarily driven by the current value of real estate in the 62340 area. While nearly 60.23% of residents own their homes outright in 62340, 28.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62340 is $3,615 per month. Households that rent pay about 12.79% of their income on rent here. 62340's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 62362, IL: less expensive homes
- 62357, IL: less expensive homes
- 62323, IL: less expensive homes
- 62363, IL: higher priced homes
- 62314, IL: equally priced homes
- 62621, IL: less expensive homes
- 62665, IL: less expensive homes
- 62378, IL: equally priced homes
- 62694, IL: equally priced homes
- 62312, IL: equally priced homes
Zip Codes with Similar Populations
- 74860, OK: higher priced homes
- 39363, MS: less expensive homes
- 41723, KY: less expensive homes
- 46050, IN: higher priced homes
- 46798, IN: higher priced homes
- 60180, IL: higher priced homes
- 68301, NE: higher priced homes
- 68666, NE: higher priced homes
- 71357, LA: less expensive homes
- 71366, LA: less expensive homes
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