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These days, finding an affordable place to live in the 62563 area can be challenging. Home prices in 62563 are now at a median cost of $260,822, lower than the Illinois average of $300,242.
The average cost of rent is $1,341/mo in 62563, primarily driven by the current value of real estate in the 62563 area. In 62563, 5.97% of households rent, and 35.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62563 is $10,198 per month. Households that rent pay about 13.15% of their income on rent here. 62563’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 62712, IL: equally priced homes
- 62703, IL: less expensive homes
- 62520, IL: less expensive homes
- 62701, IL: less expensive homes
- 62545, IL: less expensive homes
- 62702, IL: less expensive homes
- 62561, IL: less expensive homes
- 62704, IL: less expensive homes
- 62707, IL: less expensive homes
- 62531, IL: less expensive homes
Zip Codes with Similar Populations
- 62675, IL: less expensive homes
- 46120, IN: less expensive homes
- 46571, IN: higher priced homes
- 46795, IN: equally priced homes
- 46936, IN: less expensive homes
- 47356, IN: less expensive homes
- 47567, IN: less expensive homes
- 48626, MI: less expensive homes
- 48817, MI: less expensive homes
- 62243, IL: equally priced homes
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