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These days, finding an affordable place to live in the 62881 area can be challenging. Home prices in 62881 are now at a median cost of $108,704, lower than the Illinois average of $300,242.
The average cost of rent is $831/mo in 62881, primarily driven by the current value of real estate in the 62881 area. In 62881, 28.61% of households rent, and 41.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62881 is $5,825 per month. Households that rent pay about 14.26% of their income on rent here. 62881’s most expensive areas are in the northwestern 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
- 62870, IL: higher priced homes
- 62807, IL: higher priced homes
- 62853, IL: higher priced homes
- 62882, IL: less expensive homes
- 62849, IL: equally priced homes
- 62854, IL: higher priced homes
- 62801, IL: equally priced homes
- 62875, IL: higher priced homes
- 62899, IL: higher priced homes
- 62250, IL: higher priced homes
Zip Codes with Similar Populations
- 98070, WA: higher priced homes
- 04530, ME: higher priced homes
- 05408, VT: higher priced homes
- 05753, VT: higher priced homes
- 06382, CT: higher priced homes
- 97367, OR: higher priced homes
- 07417, NJ: higher priced homes
- 07442, NJ: higher priced homes
- 16511, PA: higher priced homes
- 15063, PA: higher priced homes
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