US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 62689
  5. Housing & Real Estate
Thayer village, IL

ZIP 62689 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62689

Median Home Value
$85,800
Median Rent
$542
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$551/mo PITI).

11%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.2 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 62689 in Thayer village, IL, a household would need roughly $24,000 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 $551. That sits below the local median household income ($59,583), 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
92.3%+41% vs US avg
x
Vacancy Rate
10.6%+3% vs US avg
x
Broadband Access
88.5%+2% vs US avg
x
4+ Bedrooms
10.3%-31% vs US avg
x
Built Pre-1939
17.5%+36% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
10.0%-80% vs US avg
x
Mortgage-Free
48.1%+26% vs US avg
x
$85,800
Home Value
$542
Rent
1952
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 detached99.0%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$85,800
Median rent$542
Owner-occupied92.3%
Vacant10.6%
Price-to-income1.4x
Est. income to buy$24,000