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These days, finding an affordable place to live in the 62422 area can be challenging. Home prices in 62422 are now at a median cost of $117,173, lower than the Illinois average of $300,242.
The average cost of rent is $773/mo in 62422, primarily driven by the current value of real estate in the 62422 area. In 62422, 20.88% of households rent, and 54.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62422 is $6,575 per month. Households that rent pay about 11.76% of their income on rent here. 62422’s most expensive areas are in the northeastern 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
- 62438, IL: higher priced homes
- 62414, IL: higher priced homes
- 62431, IL: higher priced homes
- 62444, IL: equally priced homes
- 62571, IL: higher priced homes
- 62461, IL: higher priced homes
- 62553, IL: equally priced homes
- 62463, IL: higher priced homes
- 62080, IL: less expensive homes
- 62465, IL: higher priced homes
Zip Codes with Similar Populations
- 04739, ME: higher priced homes
- 04961, ME: higher priced homes
- 05654, VT: higher priced homes
- 08019, NJ: higher priced homes
- 15675, PA: equally priced homes
- 53922, WI: higher priced homes
- 15064, PA: higher priced homes
- 14815, NY: higher priced homes
- 75976, TX: less expensive homes
- 14769, NY: higher priced homes
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