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Hamel village, IL

ZIP 62046 — 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 62046

Median Home Value
$229,600
Median Rent
$675
Affordability Snapshot
$63,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,475/mo PITI).

8%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

28.3 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 62046 in Hamel village, IL, a household would need roughly $63,000 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 $1,475. That sits below the local median household income ($96,750), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.8%+21% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
88.6%+2% vs US avg
x
4+ Bedrooms
4.3%-71% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
39.2%+3% vs US avg
x
$229,600
Home Value
$675
Rent
1979
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached81.8%
  • 1-unit attached1.1%
  • 2-9 units16.0%
  • 10+ units0.0%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$229,600
Median rent$675
Owner-occupied78.8%
Vacant4.0%
Price-to-income2.4x
Est. income to buy$63,000