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These days, finding an affordable place to live in the 62523 area can be challenging. Home prices in 62523 are now at a median cost of $122,282, lower than the Illinois average of $300,242.
The average cost of rent is $403/mo in 62523, primarily driven by the current value of real estate in the 62523 area. In 62523, 86.61% of households rent, and 31.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62523 is $1,953 per month. Households that rent pay about 20.64% of their income on rent here. 62523’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
- 62522, IL: less expensive homes
- 62521, IL: equally priced homes
- 62526, IL: less expensive homes
- 62532, IL: higher priced homes
- 62549, IL: higher priced homes
- 62535, IL: higher priced homes
- 62537, IL: less expensive homes
- 62514, IL: higher priced homes
- 62554, IL: higher priced homes
- 62573, IL: higher priced homes
Zip Codes with Similar Populations
- 15538, PA: higher priced homes
- 79547, TX: less expensive homes
- 79244, TX: less expensive homes
- 77624, TX: higher priced homes
- 76077, TX: higher priced homes
- 16114, PA: higher priced homes
- 14816, NY: higher priced homes
- 13454, NY: higher priced homes
- 12930, NY: less expensive homes
- 12419, NY: higher priced homes
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