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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 $150,182, lower than the Illinois average of $300,242.
The average cost of rent is $731/mo in 62894, primarily driven by the current value of real estate in the 62894 area. In 62894, 16.65% of households rent, and 57.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62894 is $6,602 per month. Households that rent pay about 11.08% of their income on rent here. 62894’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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
- 62883, IL: equally priced homes
- 62816, IL: less expensive homes
- 62898, IL: equally priced homes
- 62846, IL: less expensive homes
- 62876, IL: less expensive homes
- 62831, IL: equally priced homes
- 62864, IL: less expensive homes
- 62808, IL: equally priced homes
- 62888, IL: less expensive homes
- 62872, IL: less expensive homes
Zip Codes with Similar Populations
- 12156, NY: higher priced homes
- 56168, MN: higher priced homes
- 73832, OK: less expensive homes
- 73734, OK: higher priced homes
- 73481, OK: equally priced homes
- 73004, OK: higher priced homes
- 72550, AR: less expensive homes
- 66872, KS: less expensive homes
- 63829, MO: less expensive homes
- 63039, MO: higher priced homes
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