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These days, finding an affordable place to live in the 62440 area can be challenging. Home prices in 62440 are now at a median cost of $206,711, lower than the Illinois average of $300,242.
The average cost of rent is $799/mo in 62440, primarily driven by the current value of real estate in the 62440 area. In 62440, 7.40% of households rent, and 45.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62440 is $8,399 per month. Households that rent pay about 9.51% of their income on rent here. 62440’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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
- 62469, IL: less expensive homes
- 61920, IL: less expensive homes
- 61938, IL: less expensive homes
- 62447, IL: less expensive homes
- 61928, IL: less expensive homes
- 61931, IL: less expensive homes
- 62474, IL: less expensive homes
- 61912, IL: less expensive homes
- 61957, IL: less expensive homes
- 62465, IL: less expensive homes
Zip Codes with Similar Populations
- 28363, NC: less expensive homes
- 72626, AR: less expensive homes
- 38927, MS: less expensive homes
- 37348, TN: equally priced homes
- 36736, AL: less expensive homes
- 31071, GA: less expensive homes
- 30820, GA: less expensive homes
- 30660, GA: less expensive homes
- 28439, NC: less expensive homes
- 74951, OK: less expensive homes
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