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Freeburg village, IL

ZIP 62243 — 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 62243

Median Home Value
$268,200
Median Rent
$924
Affordability Snapshot
$74,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,723/mo PITI).

12%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

24.2 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 62243 in Freeburg village, IL, a household would need roughly $74,000 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 $1,723. That sits below the local median household income ($93,328), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.1%+29% vs US avg
x
Vacancy Rate
5.4%-48% vs US avg
x
Broadband Access
82.4%-5% vs US avg
x
4+ Bedrooms
4.2%-71% vs US avg
x
Built Pre-1939
2.6%-80% vs US avg
x
Built Post-2014
4.0%-42% vs US avg
x
Rent Burden >30%
36.2%-27% vs US avg
x
Mortgage-Free
38.8%+2% vs US avg
x
$268,200
Home Value
$924
Rent
1991
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached83.5%
  • 1-unit attached2.8%
  • 2-9 units4.7%
  • 10+ units2.0%
  • Mobile home & other7.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$268,200
Median rent$924
Owner-occupied84.1%
Vacant5.4%
Price-to-income2.9x
Est. income to buy$74,000