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Germantown village, IL

ZIP 62245 — 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 62245

Median Home Value
$197,900
Median Rent
$495
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,271/mo PITI).

7%
Rent-to-Income Ratio

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

2.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

33.3 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 62245 in Germantown village, IL, a household would need roughly $54,000 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 $1,271. That sits below the local median household income ($89,375), 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
88.8%+36% vs US avg
x
Vacancy Rate
4.8%-53% vs US avg
x
Broadband Access
83.9%-4% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
3.8%-71% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
54.1%+42% vs US avg
x
$197,900
Home Value
$495
Rent
1976
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached81.6%
  • 1-unit attached0.5%
  • 2-9 units4.5%
  • 10+ units2.2%
  • Mobile home & other11.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$197,900
Median rent$495
Owner-occupied88.8%
Vacant4.8%
Price-to-income2.2x
Est. income to buy$54,000