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Princeville village, IL

ZIP 61559 — 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 61559

Median Home Value
$171,500
Median Rent
$787
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,102/mo PITI).

11%
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.

18.2 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 61559 in Princeville village, IL, a household would need roughly $47,000 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 $1,102. That sits below the local median household income ($82,500), 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
85.2%+30% vs US avg
x
Vacancy Rate
3.5%-66% vs US avg
x
Broadband Access
79.5%-9% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
7.3%-43% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
48.4%-3% vs US avg
x
Mortgage-Free
46.9%+23% vs US avg
x
$171,500
Home Value
$787
Rent
1971
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached86.0%
  • 1-unit attached6.0%
  • 2-9 units3.5%
  • 10+ units2.1%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$171,500
Median rent$787
Owner-occupied85.2%
Vacant3.5%
Price-to-income2.1x
Est. income to buy$47,000