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These days, finding an affordable place to live in the 62346 area can be challenging. Home prices in 62346 are now at a median cost of $149,536, lower than the Illinois average of $300,242.
The average cost of rent is $855/mo in 62346, primarily driven by the current value of real estate in the 62346 area. In 62346, 12.87% of households rent, and 57.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62346 is $5,317 per month. Households that rent pay about 16.09% of their income on rent here. 62346’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern 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
- 62339, IL: equally priced homes
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- 62320, IL: higher priced homes
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Zip Codes with Similar Populations
- 80532, CO: higher priced homes
- 63675, MO: less expensive homes
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- 78352, TX: higher priced homes
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