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These days, finding an affordable place to live in the 62940 area can be challenging. Home prices in 62940 are now at a median cost of $91,208, lower than the Illinois average of $300,242.
The average cost of rent is $715/mo in 62940, primarily driven by the current value of real estate in the 62940 area. In 62940, 18.38% of households rent, and 57.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62940 is $5,461 per month. Households that rent pay about 13.09% of their income on rent here. 62940’s most expensive areas are in the northeastern 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
- 62950, IL: equally priced homes
- 62942, IL: less expensive homes
- 62966, IL: higher priced homes
- 62975, IL: higher priced homes
- 63748, MO: higher priced homes
- 62907, IL: higher priced homes
- 63746, MO: higher priced homes
- 62280, IL: higher priced homes
- 62903, IL: higher priced homes
- 63783, MO: higher priced homes
Zip Codes with Similar Populations
- 63443, MO: higher priced homes
- 57340, SD: higher priced homes
- 57373, SD: higher priced homes
- 57622, SD: equally priced homes
- 58018, ND: higher priced homes
- 58418, ND: higher priced homes
- 58572, ND: higher priced homes
- 58776, ND: higher priced homes
- 58789, ND: higher priced homes
- 59028, MT: higher priced homes
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