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London Mills village, IL

ZIP 61544 — 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 61544

Median Home Value
$95,700
Median Rent
$520
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$615/mo PITI).

8%
Rent-to-Income Ratio

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

1.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.3 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 61544 in London Mills village, IL, a household would need roughly $26,000 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 $615. That sits below the local median household income ($79,333), 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 20% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.3%+29% vs US avg
x
Vacancy Rate
20.0%+94% vs US avg
x
Broadband Access
86.6%-0% vs US avg
x
4+ Bedrooms
1.6%-89% vs US avg
x
Built Pre-1939
11.2%-12% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
17.4%-65% vs US avg
x
Mortgage-Free
46.8%+22% vs US avg
x
$95,700
Home Value
$520
Rent
1949
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached95.1%
  • 1-unit attached2.5%
  • 2-9 units0.5%
  • 10+ units0.0%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$95,700
Median rent$520
Owner-occupied84.3%
Vacant20.0%
Price-to-income1.2x
Est. income to buy$26,000