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Quincy city, IL

ZIP 62305 — 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 62305

Median Home Value
$203,500
Median Rent
$776
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,307/mo PITI).

12%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.9 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 62305 in Quincy city, IL, a household would need roughly $56,000 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 $1,307. That sits below the local median household income ($80,918), 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
84.2%+29% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
8.0%-46% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
12.3%-75% vs US avg
x
Mortgage-Free
51.0%+33% vs US avg
x
$203,500
Home Value
$776
Rent
1981
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached76.0%
  • 1-unit attached8.2%
  • 2-9 units4.5%
  • 10+ units1.8%
  • Mobile home & other9.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$203,500
Median rent$776
Owner-occupied84.2%
Vacant4.9%
Price-to-income2.5x
Est. income to buy$56,000