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Effingham city, IL

ZIP 62401 — 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 62401

Median Home Value
$195,800
Median Rent
$585
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,258/mo PITI).

9%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.9 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 62401 in Effingham city, IL, a household would need roughly $54,000 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 $1,258. That sits below the local median household income ($76,098), 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
74.8%+14% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
8.6%-83% vs US avg
x
Mortgage-Free
44.5%+17% vs US avg
x
$195,800
Home Value
$585
Rent
1978
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 detached75.9%
  • 1-unit attached2.0%
  • 2-9 units10.4%
  • 10+ units6.5%
  • Mobile home & other5.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,800
Median rent$585
Owner-occupied74.8%
Vacant8.6%
Price-to-income2.6x
Est. income to buy$54,000