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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 $90,039, lower than the Illinois average of $242,002.
The average cost of rent is $718/mo in 62842, primarily driven by the current value of real estate in the 62842 area. While nearly 61.90% of residents own their homes outright in 62842, 14.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62842 is $4,837 per month. Households that rent pay about 14.84% of their income on rent here. 62842's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 62823, IL: higher priced homes
- 62837, IL: equally priced homes
- 62886, IL: equally priced homes
- 62878, IL: higher priced homes
- 62850, IL: higher priced homes
- 62446, IL: higher priced homes
- 62843, IL: less expensive homes
- 62895, IL: higher priced homes
- 62851, IL: higher priced homes
- 62833, IL: less expensive homes
Zip Codes with Similar Populations
- 49831, MI: higher priced homes
- 51646, IA: higher priced homes
- 51022, IA: higher priced homes
- 50858, IA: higher priced homes
- 50606, IA: higher priced homes
- 50482, IA: higher priced homes
- 50478, IA: equally priced homes
- 50476, IA: equally priced homes
- 50452, IA: higher priced homes
- 50123, IA: less expensive homes
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