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Elwood village, IL

ZIP 60421 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60421

Median Home Value
$251,400
Median Rent
$797
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,615/mo PITI).

9%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.3 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 60421 in Elwood village, IL, a household would need roughly $69,000 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 $1,615. That sits below the local median household income ($101,818), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
86.9%+33% vs US avg
x
Vacancy Rate
5.9%-43% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
10.3%-79% vs US avg
x
Mortgage-Free
37.3%-2% vs US avg
x
$251,400
Home Value
$797
Rent
1985
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 detached78.1%
  • 1-unit attached10.4%
  • 2-9 units6.5%
  • 10+ units0.5%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$251,400
Median rent$797
Owner-occupied86.9%
Vacant5.9%
Price-to-income2.5x
Est. income to buy$69,000