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These days, finding an affordable place to live in the 62531 area can be challenging. Home prices in 62531 are now at a median cost of $126,008, lower than the Illinois average of $300,242.
The average cost of rent is $845/mo in 62531, primarily driven by the current value of real estate in the 62531 area. In 62531, 20.21% of households rent, and 38.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62531 is $7,787 per month. Households that rent pay about 10.86% of their income on rent here. 62531’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 62517, IL: equally priced homes
- 62540, IL: less expensive homes
- 62570, IL: less expensive homes
- 62545, IL: higher priced homes
- 62563, IL: higher priced homes
- 62568, IL: equally priced homes
- 62547, IL: less expensive homes
- 62567, IL: higher priced homes
- 62558, IL: higher priced homes
- 62712, IL: higher priced homes
Zip Codes with Similar Populations
- 76471, TX: higher priced homes
- 45724, OH: higher priced homes
- 46986, IN: higher priced homes
- 48748, MI: higher priced homes
- 48770, MI: equally priced homes
- 50210, IA: higher priced homes
- 72082, AR: less expensive homes
- 72376, AR: equally priced homes
- 74332, OK: higher priced homes
- 75479, TX: higher priced homes
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