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Albion city, IL

ZIP 62806 — 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 62806

Median Home Value
$113,500
Median Rent
$504
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$729/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.

18.8 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 62806 in Albion city, IL, a household would need roughly $31,000 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 $729. That sits below the local median household income ($64,356), 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
77.7%+19% vs US avg
x
Vacancy Rate
9.9%-4% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
11.2%-13% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
12.0%-76% vs US avg
x
Mortgage-Free
56.9%+49% vs US avg
x
$113,500
Home Value
$504
Rent
1971
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached77.7%
  • 1-unit attached1.4%
  • 2-9 units3.4%
  • 10+ units0.3%
  • Mobile home & other17.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$113,500
Median rent$504
Owner-occupied77.7%
Vacant9.9%
Price-to-income1.8x
Est. income to buy$31,000