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Joliet city, IL

ZIP 60586 — 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 60586

Median Home Value
$298,000
Median Rent
$1,810
Affordability Snapshot
$82,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,914/mo PITI).

18%
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.

13.7 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 60586 in Joliet city, IL, a household would need roughly $82,000 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 $1,914. That sits below the local median household income ($122,963), 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
92.6%+42% vs US avg
x
Vacancy Rate
0.8%-92% vs US avg
x
Broadband Access
97.5%+12% vs US avg
x
4+ Bedrooms
6.9%-54% vs US avg
x
Built Pre-1939
0.1%-100% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
13.1%-74% vs US avg
x
Mortgage-Free
18.2%-52% vs US avg
x
$298,000
Home Value
$1,810
Rent
2000
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached85.4%
  • 1-unit attached12.0%
  • 2-9 units2.0%
  • 10+ units0.1%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$298,000
Median rent$1,810
Owner-occupied92.6%
Vacant0.8%
Price-to-income2.4x
Est. income to buy$82,000