US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 61488
  5. Housing & Real Estate
Wataga village, IL

ZIP 61488 — 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 61488

Median Home Value
$125,000
Median Rent
$488
Affordability Snapshot
$34,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$803/mo PITI).

9%
Rent-to-Income Ratio

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

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.3 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 61488 in Wataga 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 $803. That sits below the local median household income ($61,786), 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
80.9%+24% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
86.0%-1% vs US avg
x
4+ Bedrooms
2.3%-84% vs US avg
x
Built Pre-1939
1.2%-90% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
0.0%
x
Mortgage-Free
48.2%+26% vs US avg
x
$125,000
Home Value
$488
Rent
1972
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 detached87.8%
  • 1-unit attached0.0%
  • 2-9 units9.0%
  • 10+ units3.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$125,000
Median rent$488
Owner-occupied80.9%
Vacant3.5%
Price-to-income2.0x
Est. income to buy$34,000