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These days, finding an affordable place to live in the 62987 area can be challenging. Home prices in 62987 are now at a median cost of $125,899, lower than the Illinois average of $300,242.
The average cost of rent is $740/mo in 62987, primarily driven by the current value of real estate in the 62987 area. In 62987, 14.85% of households rent, and 56.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62987 is $6,934 per month. Households that rent pay about 10.68% of their income on rent here. 62987’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 62917, IL: less expensive homes
- 62967, IL: higher priced homes
- 62922, IL: higher priced homes
- 62946, IL: less expensive homes
- 62972, IL: higher priced homes
- 62928, IL: higher priced homes
- 62974, IL: higher priced homes
- 62965, IL: less expensive homes
- 62959, IL: higher priced homes
- 62939, IL: higher priced homes
Zip Codes with Similar Populations
- 54210, WI: higher priced homes
- 70721, LA: higher priced homes
- 68864, NE: higher priced homes
- 68825, NE: higher priced homes
- 62431, IL: equally priced homes
- 61490, IL: higher priced homes
- 61279, IL: higher priced homes
- 58788, ND: equally priced homes
- 58344, ND: higher priced homes
- 57319, SD: higher priced homes
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