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Herscher village, IL

ZIP 60941 — 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 60941

Median Home Value
$198,300
Median Rent
$930
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,274/mo PITI).

12%
Rent-to-Income Ratio

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

2.1x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.8 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 60941 in Herscher village, IL, a household would need roughly $55,000 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 $1,274. That sits below the local median household income ($92,969), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
74.1%+13% vs US avg
x
Vacancy Rate
9.8%-4% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
39.6%-20% vs US avg
x
Mortgage-Free
42.6%+12% vs US avg
x
$198,300
Home Value
$930
Rent
1970
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

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

  • 1-unit detached81.8%
  • 1-unit attached4.0%
  • 2-9 units7.5%
  • 10+ units6.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$198,300
Median rent$930
Owner-occupied74.1%
Vacant9.8%
Price-to-income2.1x
Est. income to buy$55,000