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These days, finding an affordable place to live in the 62431 area can be challenging. Home prices in 62431 are now at a median cost of $134,071, lower than the Illinois average of $300,242.
The average cost of rent is $937/mo in 62431, primarily driven by the current value of real estate in the 62431 area. In 62431, 11.68% of households rent, and 49.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62431 is $6,792 per month. Households that rent pay about 13.80% of their income on rent here. 62431’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 62422, IL: less expensive homes
- 62553, IL: less expensive homes
- 62080, IL: less expensive homes
- 62438, IL: higher priced homes
- 62414, IL: equally priced homes
- 62571, IL: equally priced homes
- 62557, IL: less expensive homes
- 62444, IL: less expensive homes
- 62083, IL: higher priced homes
- 62011, IL: higher priced homes
Zip Codes with Similar Populations
- 55367, MN: higher priced homes
- 63447, MO: less expensive homes
- 62094, IL: less expensive homes
- 59016, MT: higher priced homes
- 57790, SD: higher priced homes
- 57566, SD: less expensive homes
- 57241, SD: higher priced homes
- 56251, MN: higher priced homes
- 56136, MN: higher priced homes
- 56068, MN: higher priced homes
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