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These days, finding an affordable place to live in the 62560 area can be challenging. Home prices in 62560 are now at a median cost of $128,893, lower than the Illinois average of $300,242.
The average cost of rent is $864/mo in 62560, primarily driven by the current value of real estate in the 62560 area. In 62560, 22.12% of households rent, and 46.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62560 is $7,012 per month. Households that rent pay about 12.32% of their income on rent here. 62560’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
- 62538, IL: higher priced homes
- 62572, IL: higher priced homes
- 62015, IL: higher priced homes
- 62533, IL: equally priced homes
- 62546, IL: equally priced homes
- 62051, IL: less expensive homes
- 62094, IL: less expensive homes
- 62672, IL: higher priced homes
- 62640, IL: higher priced homes
- 62556, IL: equally priced homes
Zip Codes with Similar Populations
- 75102, TX: higher priced homes
- 50076, IA: equally priced homes
- 50174, IA: higher priced homes
- 50621, IA: higher priced homes
- 56670, MN: less expensive homes
- 61725, IL: higher priced homes
- 71462, LA: less expensive homes
- 71834, AR: less expensive homes
- 73834, OK: less expensive homes
- 74072, OK: higher priced homes
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