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These days, finding an affordable place to live in the 62547 area can be challenging. Home prices in 62547 are now at a median cost of $113,234, lower than the Illinois average of $300,242.
The average cost of rent is $1,106/mo in 62547, primarily driven by the current value of real estate in the 62547 area. In 62547, 8.92% of households rent, and 51.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62547 is $5,806 per month. Households that rent pay about 19.05% of their income on rent here. 62547’s most expensive areas are in the southwestern 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
- 62539, IL: higher priced homes
- 62551, IL: higher priced homes
- 62545, IL: higher priced homes
- 62513, IL: higher priced homes
- 62515, IL: higher priced homes
- 62567, IL: higher priced homes
- 62537, IL: equally priced homes
- 62531, IL: higher priced homes
- 62514, IL: higher priced homes
- 62520, IL: higher priced homes
Zip Codes with Similar Populations
- 52064, IA: higher priced homes
- 71416, LA: higher priced homes
- 69034, NE: higher priced homes
- 68941, NE: higher priced homes
- 68854, NE: higher priced homes
- 67009, KS: less expensive homes
- 65790, MO: higher priced homes
- 64642, MO: less expensive homes
- 64423, MO: higher priced homes
- 62311, IL: less expensive homes
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