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Affordable
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These days, finding an affordable place to live in the 62887 area can be challenging. Home prices in 62887 are now at a median cost of $112,050, lower than the Illinois average of $300,242.
The average cost of rent is $693/mo in 62887, primarily driven by the current value of real estate in the 62887 area. In 62887, 13.98% of households rent, and 70.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62887 is $4,852 per month. Households that rent pay about 14.28% of their income on rent here. 62887’s most expensive areas are in the northwestern 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
- 62862, IL: less expensive homes
- 62835, IL: equally priced homes
- 62809, IL: higher priced homes
- 62820, IL: less expensive homes
- 62859, IL: higher priced homes
- 62821, IL: equally priced homes
- 62828, IL: equally priced homes
- 62827, IL: equally priced homes
- 62861, IL: higher priced homes
- 62844, IL: less expensive homes
Zip Codes with Similar Populations
- 29932, SC: equally priced homes
- 88351, NM: higher priced homes
- 89402, NV: higher priced homes
- 89412, NV: higher priced homes
- 90073, CA: higher priced homes
- 95232, CA: higher priced homes
- 95537, CA: higher priced homes
- 96054, CA: higher priced homes
- 97369, OR: higher priced homes
- 97906, OR: higher priced homes
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