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Arrowsmith village, IL

ZIP 61722 — 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 61722

Median Home Value
$122,000
Median Rent
$583
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$784/mo PITI).

7%
Rent-to-Income Ratio

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

1.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.4 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 61722 in Arrowsmith 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 $784. That sits below the local median household income ($96,786), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
81.0%+24% vs US avg
x
Vacancy Rate
6.1%-41% vs US avg
x
Broadband Access
80.2%-8% vs US avg
x
4+ Bedrooms
9.3%-37% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.4%-77% vs US avg
x
Mortgage-Free
56.4%+48% vs US avg
x
$122,000
Home Value
$583
Rent
1958
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 detached88.3%
  • 1-unit attached9.3%
  • 2-9 units2.0%
  • 10+ units0.0%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$122,000
Median rent$583
Owner-occupied81.0%
Vacant6.1%
Price-to-income1.3x
Est. income to buy$34,000