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These days, finding an affordable place to live in the 62894 area can be challenging. Home prices in 62894 are now at a median cost of $101,090, lower than the Illinois average of $242,002.
The average cost of rent is $584/mo in 62894, primarily driven by the current value of real estate in the 62894 area. While nearly 50.28% of residents own their homes outright in 62894, 21.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in 62894 is $5,178 per month. Households that rent pay about 11.27% of their income on rent here. 62894's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 62883, IL: higher priced homes
- 62816, IL: less expensive homes
- 62898, IL: higher priced homes
- 62846, IL: less expensive homes
- 62876, IL: less expensive homes
- 62831, IL: equally priced homes
- 62864, IL: equally priced homes
- 62808, IL: equally priced homes
- 62888, IL: equally priced homes
- 62872, IL: equally priced homes
Zip Codes with Similar Populations
- 12156, NY: higher priced homes
- 56168, MN: higher priced homes
- 73832, OK: equally priced homes
- 73734, OK: higher priced homes
- 73481, OK: equally priced homes
- 73004, OK: higher priced homes
- 72550, AR: less expensive homes
- 66872, KS: equally priced homes
- 63829, MO: less expensive homes
- 63039, MO: higher priced homes
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