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Wilmington city, IL

ZIP 60481 — 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 60481

Median Home Value
$224,800
Median Rent
$800
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,444/mo PITI).

13%
Rent-to-Income Ratio

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

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.4 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 60481 in Wilmington city, IL, a household would need roughly $62,000 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 $1,444. That sits below the local median household income ($76,398), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
74.0%+13% vs US avg
x
Vacancy Rate
17.0%+65% vs US avg
x
Broadband Access
84.5%-3% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
38.6%+1% vs US avg
x
$224,800
Home Value
$800
Rent
1978
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 detached72.1%
  • 1-unit attached4.2%
  • 2-9 units10.8%
  • 10+ units1.7%
  • Mobile home & other11.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$224,800
Median rent$800
Owner-occupied74.0%
Vacant17.0%
Price-to-income2.9x
Est. income to buy$62,000