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These days, finding an affordable place to live in the 62883 area can be challenging. Home prices in 62883 are now at a median cost of $136,994, lower than the Illinois average of $300,242.
The average cost of rent is $853/mo in 62883, primarily driven by the current value of real estate in the 62883 area. In 62883, 8.51% of households rent, and 59.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62883 is $7,214 per month. Households that rent pay about 11.83% of their income on rent here. 62883’s most expensive areas are in the central regions, while the cheapest areas are in the southern 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
- 62894, IL: higher priced homes
- 62884, IL: less expensive homes
- 62831, IL: equally priced homes
- 62888, IL: less expensive homes
- 62876, IL: equally priced homes
- 62816, IL: less expensive homes
- 62891, IL: less expensive homes
- 62846, IL: equally priced homes
- 62897, IL: higher priced homes
- 62832, IL: less expensive homes
Zip Codes with Similar Populations
- 02833, RI: higher priced homes
- 84309, UT: higher priced homes
- 23962, VA: less expensive homes
- 83261, ID: higher priced homes
- 82321, WY: higher priced homes
- 81327, CO: higher priced homes
- 96038, CA: higher priced homes
- 96128, CA: higher priced homes
- 17212, PA: higher priced homes
- 17030, PA: higher priced homes
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