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These days, finding an affordable place to live in the 62831 area can be challenging. Home prices in 62831 are now at a median cost of $138,466, lower than the Illinois average of $300,242.
The average cost of rent is $909/mo in 62831, primarily driven by the current value of real estate in the 62831 area. In 62831, 10.88% of households rent, and 57.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62831 is $6,475 per month. Households that rent pay about 14.03% of their income on rent here. 62831’s most expensive areas are in the northwestern 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
- 62876, IL: less expensive homes
- 62808, IL: equally priced homes
- 62888, IL: less expensive homes
- 62883, IL: equally priced homes
- 62894, IL: equally priced homes
- 62877, IL: equally priced homes
- 62263, IL: higher priced homes
- 62898, IL: higher priced homes
- 62816, IL: less expensive homes
- 62268, IL: higher priced homes
Zip Codes with Similar Populations
- 18083, PA: higher priced homes
- 30818, GA: higher priced homes
- 26817, WV: higher priced homes
- 26767, WV: higher priced homes
- 26294, WV: equally priced homes
- 25165, WV: less expensive homes
- 01438, MA: higher priced homes
- 60912, IL: less expensive homes
- 75838, TX: higher priced homes
- 18079, PA: higher priced homes
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