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These days, finding an affordable place to live in the 62974 area can be challenging. Home prices in 62974 are now at a median cost of $197,696, lower than the Illinois average of $300,242.
The average cost of rent is $948/mo in 62974, primarily driven by the current value of real estate in the 62974 area. In 62974, 14.81% of households rent, and 43.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62974 is $6,080 per month. Households that rent pay about 15.60% of their income on rent here. 62974’s most expensive areas are in the northern 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
- 62951, IL: less expensive homes
- 62959, IL: equally priced homes
- 62896, IL: less expensive homes
- 62935, IL: less expensive homes
- 62922, IL: less expensive homes
- 62841, IL: less expensive homes
- 62933, IL: equally priced homes
- 62948, IL: less expensive homes
- 62917, IL: less expensive homes
- 62987, IL: less expensive homes
Zip Codes with Similar Populations
- 80731, CO: higher priced homes
- 38838, MS: less expensive homes
- 42133, KY: less expensive homes
- 43432, OH: higher priced homes
- 43540, OH: higher priced homes
- 47561, IN: less expensive homes
- 47922, IN: less expensive homes
- 48861, MI: equally priced homes
- 52041, IA: equally priced homes
- 56655, MN: higher priced homes
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