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ZIP Code 61520

Learn about the people, housing, costs and businesses in 61520

Median Home$113,317
Median Rent$780/month
Population13,599
Leading IndustriesPublic Administration · Manufacturing · Retail30% public administration
Home Value Growth+9.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners68% of occupied units
NotableAffordable Market$113k median home · lower cost than 90% of the country
ZIP Code
61520

Frequently Asked Questions

What are today's mortgage rates in ZIP code 61520?

As of today, the 30-year fixed mortgage rate for ZIP code 61520 is approximately 7.625% (7.652% 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 61520
What is the median home price in ZIP code 61520?

The median home value in ZIP code 61520 is $113k. The median monthly rent is $780. 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 61520?

Home values in ZIP code 61520 have increased 9.2% 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 61520?

Based on a typical all-in ownership cost of $773/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 61520 is $54k/year.

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What industries drive the economy in ZIP code 61520?

The largest employment sectors in ZIP code 61520 are public administration (30%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.