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Affordable
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These days, finding an affordable place to live in the 62824 area can be challenging. Home prices in 62824 are now at a median cost of $110,277, lower than the Illinois average of $300,242.
The average cost of rent is $653/mo in 62824, primarily driven by the current value of real estate in the 62824 area. In 62824, 14.91% of households rent, and 53.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62824 is $5,654 per month. Households that rent pay about 11.55% of their income on rent here. 62824’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
- 62879, IL: less expensive homes
- 62868, IL: equally priced homes
- 62839, IL: less expensive homes
- 62878, IL: higher priced homes
- 62858, IL: higher priced homes
- 62823, IL: equally priced homes
- 62446, IL: equally priced homes
- 62450, IL: higher priced homes
- 62899, IL: higher priced homes
- 62850, IL: higher priced homes
Zip Codes with Similar Populations
- 55335, MN: higher priced homes
- 62854, IL: higher priced homes
- 61913, IL: higher priced homes
- 61415, IL: higher priced homes
- 61369, IL: higher priced homes
- 60963, IL: less expensive homes
- 59925, MT: higher priced homes
- 59858, MT: higher priced homes
- 59645, MT: higher priced homes
- 58367, ND: higher priced homes
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