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Elizabeth village, IL

ZIP 61028 — 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 61028

Median Home Value
$184,800
Median Rent
$601
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,187/mo PITI).

8%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.6 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 61028 in Elizabeth village, IL, a household would need roughly $51,000 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 $1,187. That sits below the local median household income ($86,328), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
19.6%+90% vs US avg
x
Broadband Access
76.7%-12% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
2.0%-71% vs US avg
x
Rent Burden >30%
22.4%-55% vs US avg
x
Mortgage-Free
45.5%+19% vs US avg
x
$184,800
Home Value
$601
Rent
1960
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached86.4%
  • 1-unit attached0.0%
  • 2-9 units4.4%
  • 10+ units6.1%
  • Mobile home & other3.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$184,800
Median rent$601
Owner-occupied82.0%
Vacant19.6%
Price-to-income2.1x
Est. income to buy$51,000