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Coal City village, IL

ZIP 60416 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60416

Median Home Value
$222,900
Median Rent
$892
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,432/mo PITI).

15%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

20.8 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 60416 in Coal City village, IL, a household would need roughly $61,000 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 $1,432. That sits below the local median household income ($71,865), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.6%+20% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
89.2%+3% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
6.5%-49% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
14.7%-70% vs US avg
x
Mortgage-Free
44.5%+17% vs US avg
x
$222,900
Home Value
$892
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached64.1%
  • 1-unit attached14.1%
  • 2-9 units13.8%
  • 10+ units0.4%
  • Mobile home & other7.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$222,900
Median rent$892
Owner-occupied78.6%
Vacant2.9%
Price-to-income3.1x
Est. income to buy$61,000