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Granite City city, IL

ZIP 62040 — 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 62040

Median Home Value
$106,600
Median Rent
$645
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$685/mo PITI).

13%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.8 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 62040 in Granite City city, IL, a household would need roughly $29,000 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 $685. That sits below the local median household income ($60,558), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.2%+13% vs US avg
x
Vacancy Rate
10.3%+0% vs US avg
x
Broadband Access
84.1%-3% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
44.7%+17% vs US avg
x
$106,600
Home Value
$645
Rent
1962
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached78.4%
  • 1-unit attached1.2%
  • 2-9 units11.1%
  • 10+ units4.1%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,600
Median rent$645
Owner-occupied74.2%
Vacant10.3%
Price-to-income1.8x
Est. income to buy$29,000