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These days, finding an affordable place to live in the 62837 area can be challenging. Home prices in 62837 are now at a median cost of $103,147, lower than the Illinois average of $300,242.
The average cost of rent is $637/mo in 62837, primarily driven by the current value of real estate in the 62837 area. In 62837, 23.82% of households rent, and 50.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62837 is $4,581 per month. Households that rent pay about 13.90% of their income on rent here. 62837’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern 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
- 62842, IL: equally priced homes
- 62809, IL: higher priced homes
- 62843, IL: equally priced homes
- 62862, IL: less expensive homes
- 62886, IL: equally priced homes
- 62820, IL: less expensive homes
- 62833, IL: higher priced homes
- 62895, IL: higher priced homes
- 62806, IL: equally priced homes
- 62851, IL: higher priced homes
Zip Codes with Similar Populations
- 39530, MS: higher priced homes
- 73086, OK: higher priced homes
- 72927, AR: higher priced homes
- 71334, LA: equally priced homes
- 66617, KS: higher priced homes
- 55920, MN: higher priced homes
- 55810, MN: higher priced homes
- 45692, OH: higher priced homes
- 01833, MA: higher priced homes
- 44813, OH: higher priced homes
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