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These days, finding an affordable place to live in the 62704 area can be challenging. Home prices in 62704 are now at a median cost of $171,823, lower than the Illinois average of $300,242.
The average cost of rent is $1,181/mo in 62704, primarily driven by the current value of real estate in the 62704 area. In 62704, 38.82% of households rent, and 38.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62704 is $6,681 per month. Households that rent pay about 17.67% of their income on rent here. 62704’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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: equally priced homes
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- 62561, IL: equally priced homes
Zip Codes with Similar Populations
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