October's First-Time Homebuyer Report for East St. Louis

East St. Louis is much older than the rest of Illinois, with a median age of 33. It's much less affluent than average as well, with a median income of $24,803 per household. 62205, 62207, and 62201 are the three largest zip codes in terms of population. Detached homes account for 100% of the area's current housing market. Heading the list of top schools in the city is Jackson Elementary School.

Price Range

Some of the least expensive homes in Illinois are in East St. Louis with a median home value of $24,800, while the list prices of available homes is currently at an average of $17,712. 62203, 62205, and 62207 are the costliest places in the city.

Typical Dwelling

The typical dwelling in East St. Louis is a three-bedroom detached home worth about $28,721. To purchase a similar home, a buyer with good credit and a $5,744 cash down payment could obtain a mortgage with a 3.95% interest rate and a $104 monthly payment. The property tax rate is $16.45 per $1,000 of taxable assessed value.

Get started right now by checking out East St. Louis homes for sale or reviewing East St. Louis real estate trends.


Data reported through 10/13/2016

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