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Alma village, IL

ZIP 62807 — 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 62807

Median Home Value
$150,000
Median Rent
$358
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$964/mo PITI).

5%
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.

34.9 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 62807 in Alma village, IL, a household would need roughly $41,000 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 $964. That sits below the local median household income ($83,750), 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 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.7%+34% vs US avg
x
Vacancy Rate
21.7%+110% vs US avg
x
Broadband Access
90.2%+4% vs US avg
x
4+ Bedrooms
6.6%-56% vs US avg
x
Built Pre-1939
7.7%-40% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.8%-86% vs US avg
x
Mortgage-Free
56.7%+48% vs US avg
x
$150,000
Home Value
$358
Rent
1980
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 detached73.7%
  • 1-unit attached0.0%
  • 2-9 units2.8%
  • 10+ units1.5%
  • Mobile home & other21.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$150,000
Median rent$358
Owner-occupied87.7%
Vacant21.7%
Price-to-income1.8x
Est. income to buy$41,000