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Affordable
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These days, finding an affordable place to live in the 62478 area can be challenging. Home prices in 62478 are now at a median cost of $163,490, lower than the Illinois average of $300,242.
The average cost of rent is $951/mo in 62478, primarily driven by the current value of real estate in the 62478 area. In 62478, 8.74% of households rent, and 45.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62478 is $8,214 per month. Households that rent pay about 11.58% of their income on rent here. 62478’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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
- 62477, IL: less expensive homes
- 62433, IL: less expensive homes
- 62413, IL: less expensive homes
- 47849, IN: equally priced homes
- 62454, IL: less expensive homes
- 47861, IN: higher priced homes
- 47869, IN: higher priced homes
- 62449, IL: less expensive homes
- 62481, IL: less expensive homes
- 62420, IL: less expensive homes
Zip Codes with Similar Populations
- 95041, CA: higher priced homes
- 16030, PA: higher priced homes
- 16212, PA: less expensive homes
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- 16847, PA: higher priced homes
- 16849, PA: less expensive homes
- 18816, PA: higher priced homes
- 92066, CA: higher priced homes
- 92378, CA: higher priced homes
- 93628, CA: less expensive homes
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