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These days, finding an affordable place to live in the 62816 area can be challenging. Home prices in 62816 are now at a median cost of $94,060, lower than the Illinois average of $300,242.
The average cost of rent is $952/mo in 62816, primarily driven by the current value of real estate in the 62816 area. In 62816, 14.14% of households rent, and 63.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62816 is $4,758 per month. Households that rent pay about 20.01% of their income on rent here. 62816’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 62846, IL: higher priced homes
- 62894, IL: higher priced homes
- 62897, IL: higher priced homes
- 62872, IL: higher priced homes
- 62836, IL: higher priced homes
- 62810, IL: higher priced homes
- 62883, IL: higher priced homes
- 62884, IL: equally priced homes
- 62812, IL: equally priced homes
- 62891, IL: less expensive homes
Zip Codes with Similar Populations
- 83443, ID: higher priced homes
- 24925, WV: higher priced homes
- 27314, NC: higher priced homes
- 27849, NC: less expensive homes
- 38588, TN: higher priced homes
- 39179, MS: higher priced homes
- 40854, KY: equally priced homes
- 49612, MI: higher priced homes
- 75944, TX: equally priced homes
- 77853, TX: higher priced homes
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