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These days, finding an affordable place to live in the 62863 area can be challenging. Home prices in 62863 are now at a median cost of $105,798, lower than the Illinois average of $242,002.
The average cost of rent is $652/mo in 62863, primarily driven by the current value of real estate in the 62863 area. While nearly 49.59% of residents own their homes outright in 62863, 13.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62863 is $5,797 per month. Households that rent pay about 11.25% of their income on rent here. 62863's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 62852, IL: less expensive homes
- 62811, IL: less expensive homes
- 62410, IL: equally priced homes
- 62818, IL: less expensive homes
- 62815, IL: equally priced homes
- 47666, IN: higher priced homes
- 47670, IN: higher priced homes
- 62460, IL: less expensive homes
- 62476, IL: equally priced homes
- 47524, IN: higher priced homes
Zip Codes with Similar Populations
- 46567, IN: higher priced homes
- 74525, OK: equally priced homes
- 73601, OK: higher priced homes
- 72730, AR: higher priced homes
- 55051, MN: higher priced homes
- 54487, WI: higher priced homes
- 49107, MI: higher priced homes
- 48653, MI: higher priced homes
- 48359, MI: higher priced homes
- 02111, MA: higher priced homes
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