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These days, finding an affordable place to live in the 62842 area can be challenging. Home prices in 62842 are now at a median cost of $106,951, lower than the Illinois average of $300,242.
The average cost of rent is $828/mo in 62842, primarily driven by the current value of real estate in the 62842 area. In 62842, 10.27% of households rent, and 64.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62842 is $5,687 per month. Households that rent pay about 14.56% of their income on rent here. 62842’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
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Zip Codes with Similar Populations
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