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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 $81,816, lower than the Illinois average of $242,002.
The average cost of rent is $754/mo in 62816, primarily driven by the current value of real estate in the 62816 area. While nearly 56.85% of residents own their homes outright in 62816, 10.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62816 is $4,383 per month. Households that rent pay about 17.21% of their income on rent here. 62816's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 62846, IL: equally priced homes
- 62894, IL: higher priced homes
- 62897, IL: higher priced homes
- 62872, IL: higher priced homes
- 62836, IL: higher priced homes
- 62810, IL: equally 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: less expensive homes
- 49612, MI: higher priced homes
- 75944, TX: equally priced homes
- 77853, TX: higher priced homes
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