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These days, finding an affordable place to live in the 62642 area can be challenging. Home prices in 62642 are now at a median cost of $134,370, lower than the Illinois average of $300,242.
The average cost of rent is $715/mo in 62642, primarily driven by the current value of real estate in the 62642 area. In 62642, 14.22% of households rent, and 46.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62642 is $6,239 per month. Households that rent pay about 11.46% of their income on rent here. 62642’s most expensive areas are in the northwestern 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
- 62613, IL: higher priced homes
- 62675, IL: higher priced homes
- 62666, IL: equally priced homes
- 62671, IL: less expensive homes
- 62625, IL: higher priced homes
- 62673, IL: higher priced homes
- 62693, IL: higher priced homes
- 62688, IL: equally priced homes
- 62634, IL: equally priced homes
- 62655, IL: less expensive homes
Zip Codes with Similar Populations
- 77837, TX: equally priced homes
- 24579, VA: higher priced homes
- 24844, WV: less expensive homes
- 24966, WV: equally priced homes
- 25136, WV: less expensive homes
- 26283, WV: equally priced homes
- 52351, IA: higher priced homes
- 71018, LA: less expensive homes
- 72327, AR: equally priced homes
- 74731, OK: higher priced homes
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