The Most Affordable Neighborhoods in 62363, IL by Home Value

 

62363, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 62363 area can be challenging. Home prices in 62363 are now at a median cost of $115,784, lower than the Illinois average of $242,002.

The average cost of rent is $636/mo in 62363, primarily driven by the current value of real estate in the 62363 area. While nearly 46.12% of residents own their homes outright in 62363, 19.38% rent.

Housing affordability isn’t just about home prices, though. The average household income in 62363 is $4,983 per month. Households that rent pay about 12.77% of their income on rent here. 62363's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.


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