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These days, finding an affordable place to live in the 62703 area can be challenging. Home prices in 62703 are now at a median cost of $108,140, lower than the Illinois average of $300,242.
The average cost of rent is $1,005/mo in 62703, primarily driven by the current value of real estate in the 62703 area. In 62703, 42.29% of households rent, and 50.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62703 is $4,058 per month. Households that rent pay about 24.78% of their income on rent here. 62703’s most expensive areas are in the southern 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
- 62701, IL: higher priced homes
- 62704, IL: higher priced homes
- 62712, IL: higher priced homes
- 62702, IL: equally priced homes
- 62711, IL: higher priced homes
- 62707, IL: higher priced homes
- 62563, IL: higher priced homes
- 62629, IL: higher priced homes
- 62561, IL: higher priced homes
- 62684, IL: higher priced homes
Zip Codes with Similar Populations
- 02889, RI: higher priced homes
- 49509, MI: higher priced homes
- 10308, NY: higher priced homes
- 50501, IA: higher priced homes
- 55811, MN: higher priced homes
- 58501, ND: higher priced homes
- 60015, IL: higher priced homes
- 64012, MO: higher priced homes
- 67207, KS: higher priced homes
- 70117, LA: higher priced homes
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