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Housing in Oblong

A typical Oblong home is worth roughly $83,000

Typical home value
$83K
IL $298K
Estimate
2-bedroom rent
$920
a month, utilities in · HUD
Median tax bill
$1,114
IL $5,298

What kind of housing town is Oblong?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 1.4 years of income

Less than across Illinois (3.6 years). Try your own numbers below.

You could afford about
$213,000
Typical Oblong home $83K

That covers a typical Oblong home, with $130K to spare.

The typical home, each month
$530
Loan $410Tax $90Insurance $20

A two-bedroom rents for about $920 a month here, $390 more than owning.

How Oblong ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Oblong’s typical property tax (1.34% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $920

Renters already here pay a median of $542, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$630
1 bedroom$760
2 bedrooms$920
3 bedrooms$1,230
4 bedrooms$1,520
28%
of households rent · IL 33%
162
renter households
30%
of renters spend 30%+ of income on rent · IL 48%
19%
of the median income, for a two-bedroom
$542
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Clark County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

72% of Oblong households own their home

Half of Oblong’s homes were built before 1963.

Owners and renters
Own 72%Rent 28%

Illinois: 67% own.

1963
typical home built · IL 1971
$1,114
median property tax bill · IL $5,298
1.34%
of a home’s value, a year in tax · IL 2.01%

U.S. Census Bureau, American Community Survey 2020-2024.

Neighbors talk housing

What Oblong buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Oblong still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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