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Richmond village, IL

ZIP 60071 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60071

Median Home Value
$289,800
Median Rent
$1,072
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,862/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

22.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 60071 in Richmond village, IL, a household would need roughly $80,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,862. That is roughly in line with the local median household income ($77,593). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.0%+9% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
94.9%+9% vs US avg
x
4+ Bedrooms
5.0%-67% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
14.3%-71% vs US avg
x
Mortgage-Free
35.9%-6% vs US avg
x
$289,800
Home Value
$1,072
Rent
1988
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.9%
  • 1-unit attached0.5%
  • 2-9 units10.9%
  • 10+ units24.4%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$289,800
Median rent$1,072
Owner-occupied71.0%
Vacant11.6%
Price-to-income3.7x
Est. income to buy$80,000