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Omaha village, IL

ZIP 62871 — 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 62871

Median Home Value
$87,200
Median Rent
$463
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$560/mo PITI).

7%
Rent-to-Income Ratio

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

1.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.7 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 62871 in Omaha 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 $560. That sits below the local median household income ($76,513), 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
88.0%+35% vs US avg
x
Vacancy Rate
10.7%+4% vs US avg
x
Broadband Access
72.6%-17% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
12.8%-0% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
32.3%-35% vs US avg
x
Mortgage-Free
69.7%+83% vs US avg
x
$87,200
Home Value
$463
Rent
1967
Year Built
2005
Moved In

Residents have lived here since ~2005 on average

Housing Structure

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

  • 1-unit detached91.0%
  • 1-unit attached0.3%
  • 2-9 units2.1%
  • 10+ units0.0%
  • Mobile home & other6.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$87,200
Median rent$463
Owner-occupied88.0%
Vacant10.7%
Price-to-income1.1x
Est. income to buy$24,000