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These days, finding an affordable place to live in the 62640 area can be challenging. Home prices in 62640 are now at a median cost of $169,558, lower than the Illinois average of $300,242.
The average cost of rent is $899/mo in 62640, primarily driven by the current value of real estate in the 62640 area. In 62640, 24.69% of households rent, and 47.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62640 is $6,007 per month. Households that rent pay about 14.96% of their income on rent here. 62640’s most expensive areas are in the northwestern 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
- 62672, IL: equally priced homes
- 62690, IL: less expensive homes
- 62689, IL: equally priced homes
- 62572, IL: equally priced homes
- 62533, IL: less expensive homes
- 62667, IL: less expensive homes
- 62615, IL: equally priced homes
- 62674, IL: less expensive homes
- 62530, IL: equally priced homes
- 62692, IL: less expensive homes
Zip Codes with Similar Populations
- 01010, MA: higher priced homes
- 08092, NJ: higher priced homes
- 13787, NY: less expensive homes
- 22427, VA: higher priced homes
- 70449, LA: higher priced homes
- 30663, GA: higher priced homes
- 37338, TN: less expensive homes
- 49128, MI: higher priced homes
- 58368, ND: less expensive homes
- 50054, IA: higher priced homes
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