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Affordable
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These days, finding an affordable place to live in the 62961 area can be challenging. Home prices in 62961 are now at a median cost of $137,500, lower than the Illinois average of $300,242.
The average cost of rent is $651/mo in 62961, primarily driven by the current value of real estate in the 62961 area. In 62961, 10.85% of households rent, and 83.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62961 is $6,146 per month. Households that rent pay about 10.59% of their income on rent here. 62961’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 62926, IL: less expensive homes
- 62992, IL: less expensive homes
- 62952, IL: equally priced homes
- 62988, IL: less expensive homes
- 62906, IL: equally priced homes
- 62976, IL: less expensive homes
- 62973, IL: less expensive homes
- 62957, IL: less expensive homes
- 62990, IL: less expensive homes
- 62923, IL: less expensive homes
Zip Codes with Similar Populations
- 81043, CO: higher priced homes
- 58239, ND: less expensive homes
- 58452, ND: less expensive homes
- 59276, MT: less expensive homes
- 59319, MT: higher priced homes
- 59547, MT: higher priced homes
- 59636, MT: higher priced homes
- 59703, MT: higher priced homes
- 79085, TX: less expensive homes
- 79231, TX: higher priced homes
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