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These days, finding an affordable place to live in the 62462 area can be challenging. Home prices in 62462 are now at a median cost of $197,975, lower than the Illinois average of $300,242.
The average cost of rent is $809/mo in 62462, primarily driven by the current value of real estate in the 62462 area. In 62462, 8.04% of households rent, and 63.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62462 is $7,420 per month. Households that rent pay about 10.91% of their income on rent here. 62462’s most expensive areas are in the eastern 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
- 62447, IL: less expensive homes
- 62467, IL: higher priced homes
- 62445, IL: equally priced homes
- 62463, IL: less expensive homes
- 62401, IL: equally priced homes
- 62461, IL: higher priced homes
- 62469, IL: less expensive homes
- 62468, IL: less expensive homes
- 62465, IL: less expensive homes
- 62436, IL: less expensive homes
Zip Codes with Similar Populations
- 48613, MI: less expensive homes
- 72938, AR: less expensive homes
- 54772, WI: equally priced homes
- 54628, WI: equally priced homes
- 52751, IA: higher priced homes
- 51577, IA: less expensive homes
- 50257, IA: higher priced homes
- 50238, IA: less expensive homes
- 50230, IA: less expensive homes
- 50106, IA: less expensive homes
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