A typical Orel home is worth roughly $110,000
What kind of housing town is Orel?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.3 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Orel home, with $66K to spare.
A two-bedroom rents for about $1,020 a month here, $300 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Orel’s typical property tax (1.49% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,020
Renters already here pay a median of $688, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Hamilton County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
75% of Orel households own their home
Half of Orel’s homes were built before 1980.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Orel vs. its neighbors
Orel is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Orel | $110K* | — | $1,020 | $48,542 |
| Big Mound | $97K* | — | $940 | $34,943 |
| Wayne City | $134K | +17.9% | $1,040 | $54,643 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Orel buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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.