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These days, finding an affordable place to live in the 62451 area can be challenging. Home prices in 62451 are now at a median cost of $105,537, lower than the Illinois average of $300,242.
The average cost of rent is $761/mo in 62451, primarily driven by the current value of real estate in the 62451 area. In 62451, 13.35% of households rent, and 53.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62451 is $6,173 per month. Households that rent pay about 12.32% of their income on rent here. 62451’s most expensive areas are in the southwestern 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
- 47861, IN: higher priced homes
- 62454, IL: higher priced homes
- 62427, IL: higher priced homes
- 62464, IL: higher priced homes
- 47838, IN: higher priced homes
- 47865, IN: higher priced homes
- 47882, IN: higher priced homes
- 47561, IN: equally priced homes
- 62449, IL: equally priced homes
- 47535, IN: equally priced homes
Zip Codes with Similar Populations
- 62935, IL: higher priced homes
- 48741, MI: higher priced homes
- 50458, IA: higher priced homes
- 50647, IA: higher priced homes
- 54425, WI: higher priced homes
- 55012, MN: higher priced homes
- 55329, MN: higher priced homes
- 56296, MN: higher priced homes
- 56571, MN: higher priced homes
- 56586, MN: higher priced homes
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