ZIP Code · IL

ZIP 62629

Part of Chatham, IL

Pop. 15,413·Sangamon County·147th most expensive ZIP in Illinois

Median rent (all units)

$1,604/mo

Year-over-Year

Stable

Month-over-Month

+1.1%

vs US Median

-$328

Reported rents

Rising (Monthly)

Be the first to discuss 62629 rents ↓

Most AffordableMost Expensive

ZIP 62629 · $1,604

More affordable than 65% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,010

1 BR

$1,180

2 BR

$1,460

3 BR

$1,950

4 BR+

$2,040

Research median

$1,460/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($107,250) is $2,681 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,040).

Cheaper nearby

ZIP 62704, 7 miles away, rents for 29% less ($1,143/mo), about $5,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 62629. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,248/yr

At $1,604/mo median

Location

CityChatham

StateIL

CountySangamon County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 62629 (Chatham, IL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.8% of residents hold a bachelor's degree or higher.

Population

15,413

Median income

$107,250

Median age

36.1

Renters

18.4%

Age distribution

31.1%

17.4%

28.6%

12.7%

Under 1831.1%

18–3417.4%

35–5428.6%

55–6410.3%

65+12.7%

Gender

44.8%

55.2%

Male44.8%

Female55.2%

Race & ethnicity

89.1%

White89.1%

Black2.6%

Hispanic3.7%

Asian2.9%

Other1.7%

Education (25+)

14.1%

30.5%

53.8%

No HS diploma1.6%

HS diploma14.1%

Some college30.5%

Bachelor's+53.8%

Housing tenure

81.6%

18.4%

Owner81.6%

Renter18.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 62629 in Chatham, IL has changed in 5 years

Income

$96,849 → $107,250

up 10.7%

Population

15,214 → 15,413

up 1.3%

Renter share

20.5% → 18.4%

-2.1 pts

Bachelor's+

46.9% → 53.8%

+6.9 pts

Median age

35.6 → 36.1

+0.5 yrs

On the earnings side, the typical household in ZIP 62629 in Chatham, IL now reports about $107,250, up from $96,849 in 2021. Headcount in the area went from 15,214 to 15,413 between 2021 and 2024, a 1.3% change. About 18.4% of households rent today, against 20.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.9% to 53.8%.

Community

Discussions about ZIP 62629

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 62629

About renting in ZIP 62629

Last updated: September 25, 2026

ZIP code 62629 covers Chatham, IL. The median rent here is $1,604/mo as of September 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,460/mo.

At 18% of local median household income ($107,250/yr), ZIP 62629 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 62629?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,604/mo in ZIP 62629. The local median household income is $107,250/yr, so the typical household meets that bar.