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These days, finding an affordable place to live in the 62551 area can be challenging. Home prices in 62551 are now at a median cost of $93,383, lower than the Illinois average of $242,002.
The average cost of rent is $589/mo in 62551, primarily driven by the current value of real estate in the 62551 area. While nearly 38.37% of residents own their homes outright in 62551, 14.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62551 is $5,442 per month. Households that rent pay about 10.82% of their income on rent here. 62551's most expensive areas are in the southeastern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 62537, IL: equally priced homes
- 62539, IL: higher priced homes
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- 62573, IL: higher priced homes
- 62543, IL: higher priced homes
- 62514, IL: higher priced homes
- 62522, IL: less expensive homes
- 62513, IL: higher priced homes
- 62526, IL: less expensive homes
- 62523, IL: equally priced homes
Zip Codes with Similar Populations
- 50667, IA: higher priced homes
- 73024, OK: equally priced homes
- 56083, MN: equally priced homes
- 54563, WI: higher priced homes
- 54559, WI: higher priced homes
- 54246, WI: higher priced homes
- 01222, MA: higher priced homes
- 52535, IA: higher priced homes
- 52210, IA: higher priced homes
- 52054, IA: higher priced homes
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