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ZIP Code 61462

Learn about the people, housing, costs and businesses in 61462

Median Home$92,405
Median Rent$729/month
Population9,353
Leading IndustriesTransportation · Public Administration · Finance & Insurance5% transportation
Home Value Growth⬆⬆⬆+28.5% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners69% of occupied units
NotableAffordable Market$92k median home · lower cost than 95% of the country
ZIP Code
61462

Frequently Asked Questions

What are today's mortgage rates in ZIP code 61462?

As of today, the 30-year fixed mortgage rate for ZIP code 61462 is approximately 7.625% (7.687% 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 61462
What is the median home price in ZIP code 61462?

The median home value in ZIP code 61462 is $92k. The median monthly rent is $729. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 61462?

Home values in ZIP code 61462 have increased 28.5% over the past two years. This indicates a strong appreciation trend. 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 61462?

Based on a typical all-in ownership cost of $771/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 61462 is $63k/year.

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What industries drive the economy in ZIP code 61462?

The largest employment sectors in ZIP code 61462 are public administration (31%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.