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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 $113,423, lower than the Illinois average of $300,242.
The average cost of rent is $789/mo in 62863, primarily driven by the current value of real estate in the 62863 area. In 62863, 26.51% of households rent, and 57.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62863 is $5,304 per month. Households that rent pay about 14.87% of their income on rent here. 62863’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern 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
- 62852, IL: less expensive homes
- 62811, IL: equally priced homes
- 62410, IL: equally priced homes
- 62818, IL: higher priced homes
- 62815, IL: equally priced homes
- 47666, IN: higher priced homes
- 47670, IN: higher priced homes
- 62460, IL: less expensive homes
- 62476, IL: less expensive homes
- 47524, IN: higher priced homes
Zip Codes with Similar Populations
- 46567, IN: higher priced homes
- 74525, OK: higher 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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