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These days, finding an affordable place to live in the 62701 area can be challenging. Home prices in 62701 are now at a median cost of $82,550, lower than the Illinois average of $242,002.
The average cost of rent is $497/mo in 62701, primarily driven by the current value of real estate in the 62701 area. While nearly 49.74% of residents own their homes outright in 62701, 93.46% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62701 is $2,073 per month. Households that rent pay about 23.99% of their income on rent here. 62701's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 62702, IL: equally priced homes
- 62704, IL: higher priced homes
- 62703, IL: higher priced homes
- 62707, IL: higher priced homes
- 62711, IL: higher priced homes
- 62712, IL: higher priced homes
- 62684, IL: higher priced homes
- 62561, IL: higher priced homes
- 62563, IL: higher priced homes
- 62625, IL: higher priced homes
Zip Codes with Similar Populations
- 48860, MI: higher priced homes
- 77613, TX: higher priced homes
- 76941, TX: higher priced homes
- 76518, TX: higher priced homes
- 54007, WI: higher priced homes
- 51245, IA: higher priced homes
- 50568, IA: higher priced homes
- 50105, IA: higher priced homes
- 50020, IA: higher priced homes
- 78341, TX: higher priced homes
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