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ZIP Code 61342

Learn about the people, housing, costs and businesses in 61342

Median Home$142,342
Median Rent$801/month
Population8,069
Leading IndustriesRetail · Professional Services · Finance & Insurance21% retail
Home Value Growth+7.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners65% of occupied units
NotableAffordable Market$142k median home · lower cost than 81% of the country
NotableVeteran Community9% of residents · top 23% nationally
ZIP Code
61342

Frequently Asked Questions

What are today's mortgage rates in ZIP code 61342?

As of today, the 30-year fixed mortgage rate for ZIP code 61342 is approximately 7.460% (7.479% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 61342
What is the median home price in ZIP code 61342?

The median home value in ZIP code 61342 is $142k. The median monthly rent is $801. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 61342?

Home values in ZIP code 61342 have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 61342?

Based on a typical all-in ownership cost of $840/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 61342 is $56k/year.

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What industries drive the economy in ZIP code 61342?

The largest employment sectors in ZIP code 61342 are retail (21%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.