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These days, finding an affordable place to live in the 62347 area can be challenging. Home prices in 62347 are now at a median cost of $188,472, lower than the Illinois average of $300,242.
The average cost of rent is $990/mo in 62347, primarily driven by the current value of real estate in the 62347 area. In 62347, 4.98% of households rent, and 44.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62347 is $8,078 per month. Households that rent pay about 12.26% of their income on rent here. 62347’s most expensive areas are in the northern 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
- 62365, IL: equally priced homes
- 62360, IL: less expensive homes
- 62338, IL: higher priced homes
- 62345, IL: less expensive homes
- 62343, IL: less expensive homes
- 62305, IL: higher priced homes
- 62314, IL: less expensive homes
- 62301, IL: less expensive homes
- 63401, MO: less expensive homes
- 62353, IL: less expensive homes
Zip Codes with Similar Populations
- 18077, PA: higher priced homes
- 76837, TX: less expensive homes
- 85630, AZ: equally priced homes
- 29596, SC: less expensive homes
- 75931, TX: higher priced homes
- 28223, NC: higher priced homes
- 18346, PA: higher priced homes
- 13783, NY: less expensive homes
- 13697, NY: less expensive homes
- 13622, NY: higher priced homes
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