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These days, finding an affordable place to live in the 62514 area can be challenging. Home prices in 62514 are now at a median cost of $202,537, lower than the Illinois average of $300,242.
The average cost of rent is $953/mo in 62514, primarily driven by the current value of real estate in the 62514 area. In 62514, 19.60% of households rent, and 55.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62514 is $6,361 per month. Households that rent pay about 14.98% of their income on rent here. 62514’s most expensive areas are in the central 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
- 62532, IL: less expensive homes
- 62544, IL: less expensive homes
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- 62522, IL: less expensive homes
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- 62523, IL: less expensive homes
- 62521, IL: less expensive homes
- 62551, IL: less expensive homes
- 62526, IL: less expensive homes
- 62549, IL: less expensive homes
Zip Codes with Similar Populations
- 77468, TX: equally priced homes
- 37044, TN: higher priced homes
- 38781, MS: less expensive homes
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- 40171, KY: less expensive homes
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- 41052, KY: higher priced homes
- 41772, KY: less expensive homes
- 42047, KY: less expensive homes
- 43458, OH: equally priced homes
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