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These days, finding an affordable place to live in the 62862 area can be challenging. Home prices in 62862 are now at a median cost of $88,299, lower than the Illinois average of $300,242.
The average cost of rent is $771/mo in 62862, primarily driven by the current value of real estate in the 62862 area. In 62862, 12.52% of households rent, and 74.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62862 is $3,222 per month. Households that rent pay about 23.94% of their income on rent here. 62862’s most expensive areas are in the southeastern 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
- 62809, IL: higher priced homes
- 62820, IL: equally priced homes
- 62887, IL: higher priced homes
- 62837, IL: higher priced homes
- 62843, IL: higher priced homes
- 62833, IL: higher priced homes
- 62886, IL: higher priced homes
- 62895, IL: higher priced homes
- 62827, IL: higher priced homes
- 62806, IL: higher priced homes
Zip Codes with Similar Populations
- 93512, CA: higher priced homes
- 15832, PA: higher priced homes
- 16634, PA: higher priced homes
- 16876, PA: higher priced homes
- 21052, MD: higher priced homes
- 22529, VA: higher priced homes
- 22964, VA: higher priced homes
- 23119, VA: higher priced homes
- 24377, VA: higher priced homes
- 95606, CA: higher priced homes
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