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These days, finding an affordable place to live in the 62851 area can be challenging. Home prices in 62851 are now at a median cost of $115,187, lower than the Illinois average of $300,242.
The average cost of rent is $980/mo in 62851, primarily driven by the current value of real estate in the 62851 area. In 62851, 18.24% of households rent, and 55.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62851 is $5,440 per month. Households that rent pay about 18.02% of their income on rent here. 62851’s most expensive areas are in the northwestern 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
- 62814, IL: equally priced homes
- 62895, IL: equally priced homes
- 62886, IL: equally priced homes
- 62850, IL: higher priced homes
- 62889, IL: higher priced homes
- 62823, IL: equally priced homes
- 62842, IL: equally priced homes
- 62864, IL: higher priced homes
- 62849, IL: less expensive homes
- 62878, IL: higher priced homes
Zip Codes with Similar Populations
- 66094, KS: higher priced homes
- 62373, IL: higher priced homes
- 62380, IL: less expensive homes
- 62446, IL: equally priced homes
- 62452, IL: less expensive homes
- 62481, IL: less expensive homes
- 62833, IL: equally priced homes
- 62878, IL: higher priced homes
- 62886, IL: equally priced homes
- 62915, IL: higher priced homes
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