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Affordable
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These days, finding an affordable place to live in the 62947 area can be challenging. Home prices in 62947 are now at a median cost of $143,457, lower than the Illinois average of $300,242.
The average cost of rent is $537/mo in 62947, primarily driven by the current value of real estate in the 62947 area. In 62947, 7.35% of households rent, and 75.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62947 is $4,595 per month. Households that rent pay about 11.68% of their income on rent here. 62947’s most expensive areas are in the central 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
- 62931, IL: less expensive homes
- 62982, IL: less expensive homes
- 62928, IL: higher priced homes
- 62954, IL: less expensive homes
- 42084, KY: less expensive homes
- 62919, IL: less expensive homes
- 62917, IL: less expensive homes
- 62987, IL: less expensive homes
- 62985, IL: higher priced homes
- 62967, IL: higher priced homes
Zip Codes with Similar Populations
- 13740, NY: higher priced homes
- 04653, ME: higher priced homes
- 87023, NM: higher priced homes
- 16821, PA: higher priced homes
- 16230, PA: less expensive homes
- 15948, PA: higher priced homes
- 15753, PA: less expensive homes
- 15655, PA: higher priced homes
- 15539, PA: higher priced homes
- 14808, NY: less expensive homes
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