US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 61940
  5. Housing & Real Estate
Metcalf village, IL

ZIP 61940 — 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 61940

Median Home Value
$50,700
Median Rent
$574
Affordability Snapshot
$14,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$326/mo PITI).

12%
Rent-to-Income Ratio

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

0.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

7.4 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 61940 in Metcalf village, IL, a household would need roughly $14,000 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 $326. That sits below the local median household income ($55,385), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.1%-0% vs US avg
x
Vacancy Rate
11.9%+15% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
74.4%+95% vs US avg
x
$50,700
Home Value
$574
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 detached88.8%
  • 1-unit attached0.7%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other10.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$50,700
Median rent$574
Owner-occupied65.1%
Vacant11.9%
Price-to-income0.9x
Est. income to buy$14,000