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These days, finding an affordable place to live in the 62450 area can be challenging. Home prices in 62450 are now at a median cost of $128,958, lower than the Illinois average of $300,242.
The average cost of rent is $736/mo in 62450, primarily driven by the current value of real estate in the 62450 area. In 62450, 30.53% of households rent, and 52.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62450 is $5,308 per month. Households that rent pay about 13.86% of their income on rent here. 62450’s most expensive areas are in the northwestern 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
- 62425, IL: equally priced homes
- 62421, IL: higher priced homes
- 62419, IL: less expensive homes
- 62868, IL: less expensive homes
- 62475, IL: less expensive homes
- 62466, IL: less expensive homes
- 62434, IL: higher priced homes
- 62824, IL: less expensive homes
- 62879, IL: less expensive homes
- 62417, IL: less expensive homes
Zip Codes with Similar Populations
- 11004, NY: higher priced homes
- 10474, NY: higher priced homes
- 08502, NJ: higher priced homes
- 03878, NH: higher priced homes
- 04345, ME: higher priced homes
- 05602, VT: higher priced homes
- 08010, NJ: higher priced homes
- 57107, SD: higher priced homes
- 74604, OK: higher priced homes
- 60548, IL: higher priced homes
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