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These days, finding an affordable place to live in the 62518 area can be challenging. Home prices in 62518 are now at a median cost of $145,482, lower than the Illinois average of $300,242.
The average cost of rent is $709/mo in 62518, primarily driven by the current value of real estate in the 62518 area. In 62518, 12.44% of households rent, and 42.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62518 is $5,967 per month. Households that rent pay about 11.88% of their income on rent here. 62518’s most expensive areas are in the southeastern 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
- 62512, IL: equally priced homes
- 62548, IL: less expensive homes
- 61749, IL: less expensive homes
- 62543, IL: equally priced homes
- 62541, IL: less expensive homes
- 62573, IL: higher priced homes
- 62656, IL: equally priced homes
- 61756, IL: higher priced homes
- 62519, IL: less expensive homes
- 61727, IL: less expensive homes
Zip Codes with Similar Populations
- 99660, AK: less expensive homes
- 93224, CA: higher priced homes
- 93652, CA: higher priced homes
- 01093, MA: higher priced homes
- 13664, NY: higher priced homes
- 13638, NY: equally priced homes
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- 12969, NY: equally priced homes
- 12852, NY: higher priced homes
- 12749, NY: higher priced homes
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