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These days, finding an affordable place to live in the 62550 area can be challenging. Home prices in 62550 are now at a median cost of $121,224, lower than the Illinois average of $242,002.
The average cost of rent is $951/mo in 62550, primarily driven by the current value of real estate in the 62550 area. While nearly 40.12% of residents own their homes outright in 62550, 21.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62550 is $5,911 per month. Households that rent pay about 16.09% of their income on rent here. 62550's most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 62544, IL: equally priced homes
- 62510, IL: less expensive homes
- 62513, IL: equally priced homes
- 62567, IL: equally priced homes
- 62514, IL: higher priced homes
- 62532, IL: equally priced homes
- 61925, IL: equally priced homes
- 62549, IL: higher priced homes
- 61914, IL: less expensive homes
- 62534, IL: less expensive homes
Zip Codes with Similar Populations
- 04419, ME: higher priced homes
- 72847, AR: higher priced homes
- 50063, IA: higher priced homes
- 50216, IA: higher priced homes
- 50614, IA: higher priced homes
- 51445, IA: equally priced homes
- 52637, IA: higher priced homes
- 54141, WI: higher priced homes
- 54161, WI: higher priced homes
- 54947, WI: higher priced homes
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