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These days, finding an affordable place to live in the 62916 area can be challenging. Home prices in 62916 are now at a median cost of $101,714, lower than the Illinois average of $300,242.
The average cost of rent is $712/mo in 62916, primarily driven by the current value of real estate in the 62916 area. In 62916, 12.63% of households rent, and 53.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62916 is $6,616 per month. Households that rent pay about 10.76% of their income on rent here. 62916’s most expensive areas are in the western 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
- 62997, IL: less expensive homes
- 62907, IL: higher priced homes
- 62272, IL: equally priced homes
- 62280, IL: higher priced homes
- 62288, IL: higher priced homes
- 62238, IL: less expensive homes
- 62994, IL: higher priced homes
- 62233, IL: higher priced homes
- 62259, IL: higher priced homes
- 62274, IL: higher priced homes
Zip Codes with Similar Populations
- 16854, PA: higher priced homes
- 59527, MT: less expensive homes
- 72561, AR: higher priced homes
- 72471, AR: less expensive homes
- 72395, AR: higher priced homes
- 72373, AR: less expensive homes
- 72057, AR: less expensive homes
- 71752, AR: equally priced homes
- 71375, LA: less expensive homes
- 68780, NE: higher priced homes
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