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These days, finding an affordable place to live in the 62545 area can be challenging. Home prices in 62545 are now at a median cost of $197,399, lower than the Illinois average of $300,242.
The average cost of rent is $908/mo in 62545, primarily driven by the current value of real estate in the 62545 area. In 62545, 9.44% of households rent, and 39.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62545 is $7,480 per month. Households that rent pay about 12.14% of their income on rent here. 62545’s most expensive areas are in the western 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
- 62520, IL: equally priced homes
- 62515, IL: equally priced homes
- 62563, IL: higher priced homes
- 62547, IL: less expensive homes
- 62531, IL: less expensive homes
- 62561, IL: less expensive homes
- 62539, IL: less expensive homes
- 62712, IL: higher priced homes
- 62703, IL: less expensive homes
- 62707, IL: less expensive homes
Zip Codes with Similar Populations
- 82510, WY: higher priced homes
- 46960, IN: less expensive homes
- 47036, IN: higher priced homes
- 47989, IN: less expensive homes
- 48727, MI: less expensive homes
- 62048, IL: less expensive homes
- 72651, AR: equally priced homes
- 72842, AR: less expensive homes
- 77419, TX: less expensive homes
- 78058, TX: higher priced homes
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