US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 62920
  5. Housing & Real Estate
Cobden village, IL

ZIP 62920 — 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 62920

Median Home Value
$154,200
Median Rent
$236
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$991/mo PITI).

5%
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.

54.4 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 62920 in Cobden village, IL, a household would need roughly $42,000 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 $991. That sits below the local median household income ($61,875), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
89.0%+36% vs US avg
x
Vacancy Rate
14.7%+43% vs US avg
x
Broadband Access
69.5%-20% vs US avg
x
4+ Bedrooms
1.7%-88% vs US avg
x
Built Pre-1939
10.6%-17% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
18.9%-62% vs US avg
x
Mortgage-Free
57.4%+50% vs US avg
x
$154,200
Home Value
$236
Rent
1976
Year Built
2004
Moved In

Residents have lived here since ~2004 on average

Housing Structure

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

  • 1-unit detached85.4%
  • 1-unit attached0.9%
  • 2-9 units7.0%
  • 10+ units0.0%
  • Mobile home & other6.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,200
Median rent$236
Owner-occupied89.0%
Vacant14.7%
Price-to-income2.5x
Est. income to buy$42,000