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These days, finding an affordable place to live in the 62540 area can be challenging. Home prices in 62540 are now at a median cost of $98,579, lower than the Illinois average of $300,242.
The average cost of rent is $910/mo in 62540, primarily driven by the current value of real estate in the 62540 area. In 62540, 23.65% of households rent, and 53.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62540 is $5,930 per month. Households that rent pay about 15.34% of their income on rent here. 62540’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
- 62517, IL: higher priced homes
- 62570, IL: equally priced homes
- 62531, IL: higher priced homes
- 62568, IL: higher priced homes
- 62556, IL: higher priced homes
- 62558, IL: higher priced homes
- 62546, IL: higher priced homes
- 62530, IL: higher priced homes
- 62567, IL: higher priced homes
- 62555, IL: higher priced homes
Zip Codes with Similar Populations
- 56252, MN: higher priced homes
- 72129, AR: higher priced homes
- 71945, AR: higher priced homes
- 70723, LA: equally priced homes
- 68920, NE: higher priced homes
- 65040, MO: higher priced homes
- 63945, MO: higher priced homes
- 63637, MO: higher priced homes
- 62376, IL: higher priced homes
- 61729, IL: higher priced homes
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