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Rantoul village, IL

ZIP 61866 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61866

Median Home Value
$111,900
Median Rent
$696
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$719/mo PITI).

16%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.4 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 61866 in Rantoul village, IL, a household would need roughly $31,000 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 $719. That sits below the local median household income ($51,389), 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
51.4%-21% vs US avg
x
Vacancy Rate
13.1%+27% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
0.6%-96% vs US avg
x
Built Pre-1939
6.3%-51% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
11.5%-77% vs US avg
x
Mortgage-Free
39.4%+3% vs US avg
x
$111,900
Home Value
$696
Rent
1966
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached53.5%
  • 1-unit attached7.3%
  • 2-9 units26.8%
  • 10+ units6.0%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$111,900
Median rent$696
Owner-occupied51.4%
Vacant13.1%
Price-to-income2.2x
Est. income to buy$31,000