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Eldred village, IL

ZIP 62027 — 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 62027

Median Home Value
$108,300
Median Rent
$375
Affordability Snapshot
$30,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$696/mo PITI).

6%
Rent-to-Income Ratio

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

1.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.1 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 62027 in Eldred village, IL, a household would need roughly $30,000 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 $696. That sits below the local median household income ($72,500), 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 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
21.6%+110% vs US avg
x
Broadband Access
71.5%-18% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
8.3%-36% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.3%-87% vs US avg
x
Mortgage-Free
57.8%+51% vs US avg
x
$108,300
Home Value
$375
Rent
1945
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached86.9%
  • 1-unit attached0.0%
  • 2-9 units2.4%
  • 10+ units0.0%
  • Mobile home & other10.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$108,300
Median rent$375
Owner-occupied79.0%
Vacant21.6%
Price-to-income1.5x
Est. income to buy$30,000