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ZIP Code 61532

Learn about the people, housing, costs and businesses in 61532

Median Home$114,622
Median Rent$821/month
Population1,225
Leading IndustriesRetail · Construction · Public Administration22% retail
Home Value Growth⬇⬇-13.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners81% of occupied units
NotableAffordable Market$115k median home · lower cost than 90% of the country
ZIP Code
61532

Frequently Asked Questions

What are today's mortgage rates in ZIP code 61532?

As of today, the 30-year fixed mortgage rate for ZIP code 61532 is approximately 7.621% (7.644% 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 61532
What is the median home price in ZIP code 61532?

The median home value in ZIP code 61532 is $115k. The median monthly rent is $821. 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 61532?

Home values in ZIP code 61532 have decreased 13.1% over the past two years. Buyers may find more negotiating room in this market. 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 61532?

Based on a typical all-in ownership cost of $898/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 61532 is $71k/year.

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What industries drive the economy in ZIP code 61532?

The largest employment sectors in ZIP code 61532 are public administration (26%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.