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Okawville village, IL

ZIP 62271 — 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 62271

Median Home Value
$167,200
Median Rent
$552
Affordability Snapshot
$46,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,074/mo PITI).

8%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.2 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 62271 in Okawville village, IL, a household would need roughly $46,000 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 $1,074. That sits below the local median household income ($82,500), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.0%+24% vs US avg
x
Vacancy Rate
11.4%+11% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
6.6%-49% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
11.9%-76% vs US avg
x
Mortgage-Free
55.8%+46% vs US avg
x
$167,200
Home Value
$552
Rent
1971
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 detached82.6%
  • 1-unit attached1.2%
  • 2-9 units5.1%
  • 10+ units0.0%
  • Mobile home & other11.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$167,200
Median rent$552
Owner-occupied81.0%
Vacant11.4%
Price-to-income2.0x
Est. income to buy$46,000