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Mahomet village, IL

ZIP 61853 — Housing & Real Estate

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

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61853

Median Home Value
$281,500
Median Rent
$1,010
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,808/mo PITI).

11%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.2 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 61853 in Mahomet village, IL, a household would need roughly $77,000 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 $1,808. That sits below the local median household income ($114,974), 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
83.8%+28% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
10.5%-29% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
1.9%-73% vs US avg
x
Rent Burden >30%
24.0%-52% vs US avg
x
Mortgage-Free
28.6%-25% vs US avg
x
$281,500
Home Value
$1,010
Rent
1995
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached76.8%
  • 1-unit attached4.2%
  • 2-9 units6.9%
  • 10+ units5.9%
  • Mobile home & other6.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$281,500
Median rent$1,010
Owner-occupied83.8%
Vacant6.2%
Price-to-income2.4x
Est. income to buy$77,000