US5.com
  1. Home
  2. States
  3. ZIP 88031
  4. Housing & Real Estate
,

ZIP 88031 — Housing & Real Estate

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

Low Income Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88031

Median Home Value
$106,300
Median Rent
$491
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$683/mo PITI).

17%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.0 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 88031, a household would need roughly $29,000 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 $683. That sits below the local median household income ($34,436), 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 23% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.2%+13% vs US avg
x
Vacancy Rate
23.3%+126% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
17.4%-65% vs US avg
x
Mortgage-Free
61.5%+61% vs US avg
x
$106,300
Home Value
$491
Rent
1983
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached45.5%
  • 1-unit attached1.2%
  • 2-9 units5.7%
  • 10+ units4.6%
  • Mobile home & other42.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$106,300
Median rent$491
Owner-occupied74.2%
Vacant23.3%
Price-to-income3.1x
Est. income to buy$29,000