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Gardner village, IL

ZIP 60424 — 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 60424

Median Home Value
$191,600
Median Rent
$865
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,231/mo PITI).

13%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.5 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 60424 in Gardner village, IL, a household would need roughly $53,000 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 $1,231. That sits below the local median household income ($81,000), 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

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.4%+15% vs US avg
x
Vacancy Rate
13.0%+27% vs US avg
x
Broadband Access
89.1%+2% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
6.8%-46% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
23.9%-52% vs US avg
x
Mortgage-Free
53.1%+39% vs US avg
x
$191,600
Home Value
$865
Rent
1974
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 detached73.2%
  • 1-unit attached2.5%
  • 2-9 units8.8%
  • 10+ units0.4%
  • Mobile home & other15.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$191,600
Median rent$865
Owner-occupied75.4%
Vacant13.0%
Price-to-income2.4x
Est. income to buy$53,000