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These days, finding an affordable place to live in the 62638 area can be challenging. Home prices in 62638 are now at a median cost of $147,623, lower than the Illinois average of $300,242.
The average cost of rent is $1,023/mo in 62638, primarily driven by the current value of real estate in the 62638 area. In 62638, 18.38% of households rent, and 47.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62638 is $7,037 per month. Households that rent pay about 14.54% of their income on rent here. 62638’s most expensive areas are in the western 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
- 62692, IL: less expensive homes
- 62695, IL: higher priced homes
- 62601, IL: equally priced homes
- 62668, IL: less expensive homes
- 62661, IL: higher priced homes
- 62650, IL: less expensive homes
- 62670, IL: higher priced homes
- 62663, IL: less expensive homes
- 62689, IL: higher priced homes
- 62615, IL: higher priced homes
Zip Codes with Similar Populations
- 75411, TX: higher priced homes
- 25607, WV: less expensive homes
- 29104, SC: less expensive homes
- 29635, SC: higher priced homes
- 36505, AL: higher priced homes
- 38342, TN: less expensive homes
- 42349, KY: less expensive homes
- 43754, OH: equally priced homes
- 44093, OH: higher priced homes
- 46913, IN: higher priced homes
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