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Savoy village, IL

ZIP 61874 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61874

Median Home Value
$274,100
Median Rent
$847
Affordability Snapshot
$75,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,761/mo PITI).

11%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

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 61874 in Savoy village, IL, a household would need roughly $75,000 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 $1,761. That sits below the local median household income ($88,431), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.8%-12% vs US avg
x
Vacancy Rate
9.1%-12% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.4%-97% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
23.1%-54% vs US avg
x
Mortgage-Free
33.3%-13% vs US avg
x
$274,100
Home Value
$847
Rent
1995
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached43.9%
  • 1-unit attached11.3%
  • 2-9 units22.3%
  • 10+ units22.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$274,100
Median rent$847
Owner-occupied57.8%
Vacant9.1%
Price-to-income3.1x
Est. income to buy$75,000