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These days, finding an affordable place to live in the 62541 area can be challenging. Home prices in 62541 are now at a median cost of $118,500, lower than the Illinois average of $300,242.
The average cost of rent is $850/mo in 62541, primarily driven by the current value of real estate in the 62541 area. In 62541, 25.77% of households rent, and 24.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62541 is $8,964 per month. Households that rent pay about 9.48% of their income on rent here. 62541’s most expensive areas are in the central 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
- 62519, IL: equally priced homes
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- 62518, IL: higher priced homes
- 62693, IL: higher priced homes
- 62520, IL: higher priced homes
- 62551, IL: higher priced homes
Zip Codes with Similar Populations
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