ZIP 62040 · Granite City, Illinois

Population

40,404 people call ZIP 62040 home.

40,404

people.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Rent

Median rent is up 31% since the 2010–2014 survey, before inflation.

$910

a month. Illinois's median is $1,274.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year

Room to build

Local wages can carry more rent than the median charged today.

$1,139–$1,709

is the monthly rent range local workforce wages support.

• $910 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 90% of all homes were built before 2000

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year

Units needed

Closing the gap would add 0.2–0.8% to the 18,908 homes here.

42–154

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 57% less than Illinois's.

$112,000

median home value in ZIP 62040.

• $112,000 ZIP 62040
• $263,300 Illinois
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year