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Lacon city, IL

ZIP 61540 — 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 61540

Median Home Value
$154,300
Median Rent
$627
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$991/mo PITI).

10%
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.

20.5 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 61540 in Lacon city, IL, a household would need roughly $42,000 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 $991. That sits below the local median household income ($74,519), 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
82.0%+25% vs US avg
x
Vacancy Rate
9.5%-8% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
1.9%-87% vs US avg
x
Built Pre-1939
8.4%-34% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
24.6%-50% vs US avg
x
Mortgage-Free
52.0%+36% vs US avg
x
$154,300
Home Value
$627
Rent
1961
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 detached89.3%
  • 1-unit attached1.2%
  • 2-9 units7.4%
  • 10+ units1.5%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,300
Median rent$627
Owner-occupied82.0%
Vacant9.5%
Price-to-income2.1x
Est. income to buy$42,000