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Affordable
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These days, finding an affordable place to live in the 62423 area can be challenging. Home prices in 62423 are now at a median cost of $207,762, lower than the Illinois average of $300,242.
The average cost of rent is $973/mo in 62423, primarily driven by the current value of real estate in the 62423 area. In 62423, 16.77% of households rent, and 53.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62423 is $6,737 per month. Households that rent pay about 14.44% of their income on rent here. 62423’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 47885, IN: less expensive homes
- 47876, IN: less expensive homes
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- 47802, IN: less expensive homes
- 47804, IN: less expensive homes
- 47863, IN: less expensive homes
- 47803, IN: less expensive homes
Zip Codes with Similar Populations
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- 18352, PA: higher priced homes
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- 25958, WV: less expensive homes
- 93604, CA: higher priced homes
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