US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 62238
  5. Housing & Real Estate
Cutler village, IL

ZIP 62238 — 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 62238

Median Home Value
$88,200
Median Rent
$539
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$567/mo PITI).

9%
Rent-to-Income Ratio

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

1.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.6 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 62238 in Cutler village, IL, a household would need roughly $24,000 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 $567. That sits below the local median household income ($72,188), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.6%+22% vs US avg
x
Vacancy Rate
14.9%+44% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
6.2%-52% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
9.5%-81% vs US avg
x
Mortgage-Free
54.9%+44% vs US avg
x
$88,200
Home Value
$539
Rent
1980
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached71.1%
  • 1-unit attached0.0%
  • 2-9 units0.8%
  • 10+ units1.7%
  • Mobile home & other26.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$88,200
Median rent$539
Owner-occupied79.6%
Vacant14.9%
Price-to-income1.2x
Est. income to buy$24,000