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Benson village, IL

ZIP 61516 — 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 61516

Median Home Value
$123,300
Median Rent
$825
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$792/mo PITI).

11%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.5 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 61516 in Benson village, IL, a household would need roughly $34,000 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 $792. That sits below the local median household income ($90,833), 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
97.4%+49% vs US avg
x
Vacancy Rate
12.9%+25% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
7.2%-52% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
36.8%-4% vs US avg
x
$123,300
Home Value
$825
Rent
1938
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached98.3%
  • 1-unit attached0.0%
  • 2-9 units0.9%
  • 10+ units0.9%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$123,300
Median rent$825
Owner-occupied97.4%
Vacant12.9%
Price-to-income1.4x
Est. income to buy$34,000