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Newton city, IL

ZIP 62448 — 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 62448

Median Home Value
$118,200
Median Rent
$498
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$759/mo PITI).

9%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.8 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 62448 in Newton city, IL, a household would need roughly $33,000 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 $759. That sits below the local median household income ($66,432), 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 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.0%+21% vs US avg
x
Vacancy Rate
10.3%-0% vs US avg
x
Broadband Access
90.1%+4% vs US avg
x
4+ Bedrooms
4.0%-73% vs US avg
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
10.9%-78% vs US avg
x
Mortgage-Free
58.9%+54% vs US avg
x
$118,200
Home Value
$498
Rent
1973
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 detached87.2%
  • 1-unit attached2.2%
  • 2-9 units1.7%
  • 10+ units4.4%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,200
Median rent$498
Owner-occupied79.0%
Vacant10.3%
Price-to-income1.8x
Est. income to buy$33,000