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Affordable
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These days, finding an affordable place to live in the 62878 area can be challenging. Home prices in 62878 are now at a median cost of $142,212, lower than the Illinois average of $300,242.
The average cost of rent is $667/mo in 62878, primarily driven by the current value of real estate in the 62878 area. In 62878, 17.24% of households rent, and 45.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62878 is $5,370 per month. Households that rent pay about 12.43% of their income on rent here. 62878’s most expensive areas are in the southwestern 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
- 62823, IL: less expensive homes
- 62839, IL: less expensive homes
- 62850, IL: higher priced homes
- 62899, IL: higher priced homes
- 62842, IL: less expensive homes
- 62824, IL: less expensive homes
- 62446, IL: less expensive homes
- 62851, IL: less expensive homes
- 62849, IL: less expensive homes
- 62868, IL: less expensive homes
Zip Codes with Similar Populations
- 13162, NY: higher priced homes
- 02815, RI: higher priced homes
- 04657, ME: higher priced homes
- 05442, VT: higher priced homes
- 62361, IL: less expensive homes
- 65731, MO: higher priced homes
- 64475, MO: less expensive homes
- 64451, MO: less expensive homes
- 63866, MO: less expensive homes
- 62998, IL: less expensive homes
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