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Affordable
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These days, finding an affordable place to live in the 62631 area can be challenging. Home prices in 62631 are now at a median cost of $134,800, lower than the Illinois average of $300,242.
The average cost of rent is $694/mo in 62631, primarily driven by the current value of real estate in the 62631 area. In 62631, 10.70% of households rent, and 49.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62631 is $5,201 per month. Households that rent pay about 13.34% of their income on rent here. 62631’s most expensive areas are in the central 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
- 62628, IL: less expensive homes
- 62611, IL: higher priced homes
- 62650, IL: equally priced homes
- 62665, IL: less expensive homes
- 62621, IL: less expensive homes
- 62622, IL: higher priced homes
- 62691, IL: equally priced homes
- 62378, IL: higher priced homes
- 62612, IL: equally priced homes
- 62323, IL: less expensive homes
Zip Codes with Similar Populations
- 23480, VA: higher priced homes
- 15945, PA: equally priced homes
- 16022, PA: higher priced homes
- 16132, PA: equally priced homes
- 16730, PA: higher priced homes
- 16939, PA: less expensive homes
- 16940, PA: higher priced homes
- 17080, PA: higher priced homes
- 17768, PA: higher priced homes
- 18244, PA: higher priced homes
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