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Junction village, IL

ZIP 62954 — 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 62954

Median Home Value
$89,400
Median Rent
$1,264
Affordability Snapshot
$25,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$574/mo PITI).

23%
Rent-to-Income Ratio

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

1.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

5.9 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 62954 in Junction village, IL, a household would need roughly $25,000 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 $574. That sits below the local median household income ($65,083), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics

Historic housing stock (23% built before 1939)

Owner Occupied
90.5%+38% vs US avg
x
Vacancy Rate
5.6%-46% vs US avg
x
Broadband Access
85.1%-2% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
22.6%+77% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
9.5%-81% vs US avg
x
Mortgage-Free
64.5%+69% vs US avg
x
$89,400
Home Value
$1,264
Rent
1974
Year Built
1994
Moved In

Residents have lived here since ~1994 on average

Housing Structure

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

  • 1-unit detached78.6%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units7.3%
  • Mobile home & other14.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$89,400
Median rent$1,264
Owner-occupied90.5%
Vacant5.6%
Price-to-income1.4x
Est. income to buy$25,000