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Assumption city, IL

ZIP 62510 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62510

Median Home Value
$93,500
Median Rent
$465
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$601/mo PITI).

10%
Rent-to-Income Ratio

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

1.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.8 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 62510 in Assumption city, IL, a household would need roughly $26,000 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 $601. That sits below the local median household income ($55,694), 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 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
56.7%-13% vs US avg
x
Vacancy Rate
11.4%+11% vs US avg
x
Broadband Access
72.8%-16% vs US avg
x
4+ Bedrooms
5.5%-63% vs US avg
x
Built Pre-1939
10.6%-17% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
8.4%-83% vs US avg
x
Mortgage-Free
48.2%+26% vs US avg
x
$93,500
Home Value
$465
Rent
1951
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 detached78.9%
  • 1-unit attached0.2%
  • 2-9 units6.2%
  • 10+ units0.5%
  • Mobile home & other14.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$93,500
Median rent$465
Owner-occupied56.7%
Vacant11.4%
Price-to-income1.7x
Est. income to buy$26,000