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Harmon village, IL

ZIP 61042 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61042

Median Home Value
$123,900
Median Rent
$545
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$796/mo PITI).

9%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.9 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 61042 in Harmon village, IL, a household would need roughly $34,000 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 $796. That sits below the local median household income ($70,000), 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
78.8%+21% vs US avg
x
Vacancy Rate
9.6%-7% vs US avg
x
Broadband Access
89.4%+3% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
14.4%+12% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
2.8%-94% vs US avg
x
Mortgage-Free
72.4%+90% vs US avg
x
$123,900
Home Value
$545
Rent
1942
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 detached92.6%
  • 1-unit attached0.0%
  • 2-9 units0.5%
  • 10+ units0.0%
  • Mobile home & other6.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$123,900
Median rent$545
Owner-occupied78.8%
Vacant9.6%
Price-to-income1.8x
Est. income to buy$34,000