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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 $182,716, lower than the Illinois average of $300,242.
The average cost of rent is $991/mo in 62501, primarily driven by the current value of real estate in the 62501 area. In 62501, 7.58% of households rent, and 53.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62501 is $8,657 per month. Households that rent pay about 11.45% of their income on rent here. 62501’s most expensive areas are in the eastern regions, while the cheapest areas are in the western 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
- 62554, IL: less expensive 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: equally priced homes
- 49887, MI: less expensive homes
- 51579, IA: equally priced 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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