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These days, finding an affordable place to live in the 62427 area can be challenging. Home prices in 62427 are now at a median cost of $113,854, lower than the Illinois average of $242,002.
The average cost of rent is $652/mo in 62427, primarily driven by the current value of real estate in the 62427 area. While nearly 51.48% of residents own their homes outright in 62427, 8.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62427 is $5,268 per month. Households that rent pay about 12.38% of their income on rent here. 62427's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 62451, IL: less expensive homes
- 62439, IL: less expensive homes
- 62464, IL: higher priced homes
- 62417, IL: less expensive homes
- 47561, IN: less expensive homes
- 62466, IL: less expensive homes
- 47516, IN: equally priced homes
- 47838, IN: less expensive homes
- 62421, IL: equally priced homes
- 62459, IL: equally priced homes
Zip Codes with Similar Populations
- 04983, ME: higher priced homes
- 99674, AK: higher priced homes
- 97348, OR: higher priced homes
- 96776, HI: higher priced homes
- 95916, CA: higher priced homes
- 92561, CA: higher priced homes
- 92273, CA: higher priced homes
- 92257, CA: higher priced homes
- 87326, NM: less expensive homes
- 84751, UT: higher priced homes
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