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Clay City village, IL

ZIP 62824 — 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 62824

Median Home Value
$83,700
Median Rent
$398
Affordability Snapshot
$23,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$538/mo PITI).

7%
Rent-to-Income Ratio

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

1.2x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.5 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 62824 in Clay City village, IL, a household would need roughly $23,000 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 $538. That sits below the local median household income ($70,670), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.0%+25% vs US avg
x
Vacancy Rate
15.6%+52% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
1.2%-92% vs US avg
x
Built Pre-1939
4.8%-63% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
21.2%-57% vs US avg
x
Mortgage-Free
58.2%+52% vs US avg
x
$83,700
Home Value
$398
Rent
1973
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 detached70.3%
  • 1-unit attached1.3%
  • 2-9 units3.4%
  • 10+ units0.0%
  • Mobile home & other25.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$83,700
Median rent$398
Owner-occupied82.0%
Vacant15.6%
Price-to-income1.2x
Est. income to buy$23,000