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These days, finding an affordable place to live in the 62820 area can be challenging. Home prices in 62820 are now at a median cost of $92,764, lower than the Illinois average of $300,242.
The average cost of rent is $738/mo in 62820, primarily driven by the current value of real estate in the 62820 area. In 62820, 14.54% of households rent, and 70.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62820 is $4,126 per month. Households that rent pay about 17.89% of their income on rent here. 62820’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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
- 62862, IL: equally priced homes
- 62809, IL: higher priced homes
- 62887, IL: higher priced homes
- 62843, IL: higher priced homes
- 62833, IL: higher priced homes
- 62837, IL: higher priced homes
- 62827, IL: higher priced homes
- 62844, IL: equally priced homes
- 62806, IL: higher priced homes
- 62818, IL: higher priced homes
Zip Codes with Similar Populations
- 81155, CO: higher priced homes
- 55780, MN: higher priced homes
- 56147, MN: higher priced homes
- 57057, SD: higher priced homes
- 57224, SD: less expensive homes
- 57271, SD: higher priced homes
- 57725, SD: higher priced homes
- 58266, ND: higher priced homes
- 59916, MT: higher priced homes
- 62334, IL: higher priced homes
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