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These days, finding an affordable place to live in the 62553 area can be challenging. Home prices in 62553 are now at a median cost of $114,632, lower than the Illinois average of $300,242.
The average cost of rent is $1,200/mo in 62553, primarily driven by the current value of real estate in the 62553 area. In 62553, 12.33% of households rent, and 50.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62553 is $7,779 per month. Households that rent pay about 15.43% of their income on rent here. 62553’s most expensive areas are in the northwestern 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
- 62083, IL: higher priced homes
- 62076, IL: equally priced homes
- 62557, IL: less expensive homes
- 62431, IL: higher priced homes
- 62080, IL: less expensive homes
- 62075, IL: less expensive homes
- 62571, IL: higher priced homes
- 62011, IL: higher priced homes
- 62438, IL: higher priced homes
- 62422, IL: equally priced homes
Zip Codes with Similar Populations
- 04611, ME: higher priced homes
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- 99740, AK: higher priced homes
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- 98643, WA: higher priced homes
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- 92327, CA: higher priced homes
- 91759, CA: higher priced homes
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