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Quincy city, IL

ZIP 62301 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62301

Median Home Value
$124,200
Median Rent
$624
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$798/mo PITI).

14%
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.

16.6 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 62301 in Quincy city, IL, a household would need roughly $34,000 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 $798. That sits below the local median household income ($52,212), 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
60.3%-8% vs US avg
x
Vacancy Rate
9.4%-9% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
11.3%-11% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
22.6%-55% vs US avg
x
Mortgage-Free
38.4%+1% vs US avg
x
$124,200
Home Value
$624
Rent
1953
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached69.5%
  • 1-unit attached2.3%
  • 2-9 units16.5%
  • 10+ units10.4%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$124,200
Median rent$624
Owner-occupied60.3%
Vacant9.4%
Price-to-income2.4x
Est. income to buy$34,000