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These days, finding an affordable place to live in the 62501 area can be challenging. Home prices in 62501 are now at a median cost of $153,214, lower than the Illinois average of $242,002.
The average cost of rent is $828/mo in 62501, primarily driven by the current value of real estate in the 62501 area. While nearly 48.34% of residents own their homes outright in 62501, 9.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62501 is $6,133 per month. Households that rent pay about 13.50% of their income on rent here. 62501's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 62554, IL: equally priced homes
- 61818, IL: less expensive homes
- 61830, IL: higher priced homes
- 61855, IL: less expensive homes
- 62535, IL: higher priced homes
- 62526, IL: less expensive homes
- 61756, IL: equally priced homes
- 62521, IL: less expensive homes
- 62523, IL: less expensive homes
- 62522, IL: less expensive homes
Zip Codes with Similar Populations
- 62067, IL: higher priced homes
- 48419, MI: less expensive homes
- 49034, MI: higher priced homes
- 49766, MI: less expensive homes
- 49887, MI: less expensive homes
- 51579, IA: less expensive homes
- 53044, WI: higher priced homes
- 53919, WI: higher priced homes
- 55074, MN: higher priced homes
- 56750, MN: less expensive homes
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