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Fairmont City village, IL

ZIP 62201 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62201

Median Home Value
$56,100
Median Rent
$254
Affordability Snapshot
$15,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$360/mo PITI).

14%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

18.4 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 62201 in Fairmont City village, IL, a household would need roughly $15,000 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 $360. That sits below the local median household income ($21,658), 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
41.8%-36% vs US avg
x
Vacancy Rate
19.9%+93% vs US avg
x
Broadband Access
70.7%-19% vs US avg
x
4+ Bedrooms
2.0%-87% vs US avg
x
Built Pre-1939
11.9%-7% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
19.5%-61% vs US avg
x
Mortgage-Free
76.8%+101% vs US avg
x
$56,100
Home Value
$254
Rent
1959
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 detached56.8%
  • 1-unit attached1.2%
  • 2-9 units30.3%
  • 10+ units7.6%
  • Mobile home & other4.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$56,100
Median rent$254
Owner-occupied41.8%
Vacant19.9%
Price-to-income2.6x
Est. income to buy$15,000