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These days, finding an affordable place to live in the 62548 area can be challenging. Home prices in 62548 are now at a median cost of $117,680, lower than the Illinois average of $300,242.
The average cost of rent is $750/mo in 62548, primarily driven by the current value of real estate in the 62548 area. In 62548, 17.33% of households rent, and 43.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62548 is $5,886 per month. Households that rent pay about 12.74% of their income on rent here. 62548’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
- 62541, IL: equally priced homes
- 62518, IL: higher priced homes
- 62543, IL: higher priced homes
- 62519, IL: equally priced homes
- 62634, IL: higher priced homes
- 62512, IL: higher priced homes
- 62656, IL: higher priced homes
- 61749, IL: equally priced homes
- 62573, IL: higher priced homes
- 62693, IL: higher priced homes
Zip Codes with Similar Populations
- 83850, ID: higher priced homes
- 36453, AL: equally priced homes
- 37345, TN: higher priced homes
- 42027, KY: higher priced homes
- 46743, IN: higher priced homes
- 48032, MI: higher priced homes
- 61756, IL: higher priced homes
- 62259, IL: higher priced homes
- 72088, AR: higher priced homes
- 82729, WY: higher priced homes
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