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Joliet city, IL

ZIP 60431 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 60431

Median Home Value
$275,100
Median Rent
$1,352
Affordability Snapshot
$76,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,767/mo PITI).

14%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.0 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 60431 in Joliet city, IL, a household would need roughly $76,000 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 $1,767. That sits below the local median household income ($114,098), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
91.1%+39% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
95.0%+9% vs US avg
x
4+ Bedrooms
8.2%-44% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
10.3%-79% vs US avg
x
Mortgage-Free
23.9%-37% vs US avg
x
$275,100
Home Value
$1,352
Rent
1999
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 detached75.6%
  • 1-unit attached15.7%
  • 2-9 units2.8%
  • 10+ units5.8%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$275,100
Median rent$1,352
Owner-occupied91.1%
Vacant4.5%
Price-to-income2.4x
Est. income to buy$76,000