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These days, finding an affordable place to live in the 62997 area can be challenging. Home prices in 62997 are now at a median cost of $74,414, lower than the Illinois average of $300,242.
The average cost of rent is $835/mo in 62997, primarily driven by the current value of real estate in the 62997 area. In 62997, 20.32% of households rent, and 53.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 62997 is $4,580 per month. Households that rent pay about 18.23% of their income on rent here. 62997’s most expensive areas are in the southeastern 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
- 62272, IL: higher priced homes
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- 62907, IL: higher priced homes
- 62280, IL: higher priced homes
- 62233, IL: higher priced homes
- 62297, IL: higher priced homes
- 62274, IL: higher priced homes
- 62259, IL: higher priced homes
Zip Codes with Similar Populations
- 52229, IA: higher priced homes
- 72036, AR: less expensive homes
- 72003, AR: higher priced homes
- 71950, AR: higher priced homes
- 71944, AR: higher priced homes
- 71256, LA: less expensive homes
- 70646, LA: higher priced homes
- 69127, NE: higher priced homes
- 68961, NE: higher priced homes
- 68926, NE: equally priced homes
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