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Affordable
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These days, finding an affordable place to live in the 62362 area can be challenging. Home prices in 62362 are now at a median cost of $100,000, lower than the Illinois average of $300,242.
The average cost of rent is $764/mo in 62362, primarily driven by the current value of real estate in the 62362 area. In 62362, 23.16% of households rent, and 63.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62362 is $5,885 per month. Households that rent pay about 12.98% of their income on rent here. 62362’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 62323, IL: equally priced homes
- 62340, IL: equally priced homes
- 62357, IL: less expensive homes
- 62314, IL: equally priced homes
- 62378, IL: higher priced homes
- 62665, IL: less expensive homes
- 62621, IL: less expensive homes
- 62363, IL: higher priced homes
- 62312, IL: higher priced homes
- 62628, IL: higher priced homes
Zip Codes with Similar Populations
- 80742, CO: higher priced homes
- 17075, PA: higher priced homes
- 17239, PA: higher priced homes
- 17840, PA: higher priced homes
- 17888, PA: higher priced homes
- 18970, PA: higher priced homes
- 19511, PA: higher priced homes
- 20889, MD: higher priced homes
- 21665, MD: higher priced homes
- 22433, VA: higher priced homes
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