The Most Affordable Neighborhoods in 62946, IL by Home Value

 

62946, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the 62946 area can be challenging. Home prices in 62946 are now at a median cost of $105,173, lower than the Illinois average of $242,002.

The average cost of rent is $871/mo in 62946, primarily driven by the current value of real estate in the 62946 area. While nearly 56.22% of residents own their homes outright in 62946, 28.50% rent.

Housing affordability isn’t just about home prices, though. The average household income in 62946 is $4,206 per month. Households that rent pay about 20.72% of their income on rent here. 62946's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.


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