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Hopewell village, IL

ZIP 61565 — 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 61565

Median Home Value
$161,600
Median Rent
$498
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,038/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.

27.0 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 61565 in Hopewell village, IL, a household would need roughly $44,000 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 $1,038. That sits below the local median household income ($76,736), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.5%+26% vs US avg
x
Vacancy Rate
10.2%-1% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
7.7%-48% vs US avg
x
Built Pre-1939
3.1%-76% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
1.0%-98% vs US avg
x
Mortgage-Free
45.9%+20% vs US avg
x
$161,600
Home Value
$498
Rent
1971
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached98.1%
  • 1-unit attached0.2%
  • 2-9 units0.6%
  • 10+ units0.0%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,600
Median rent$498
Owner-occupied82.5%
Vacant10.2%
Price-to-income2.1x
Est. income to buy$44,000