Median home value: $292K (+7.9% YoY). Rent: $1,847/mo. Price-to-rent: 13.2x. Part of Springfield, IL.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Springfield, IL metro page.
Home Value$291,682
+7.9%
Rent$1,847/mo
AFFORDABILITYRenting $244/mo cheaper ($1,847 rent)6.00% 30yr, 20% down, county tax + IL ins. 28% per HUD.
Enter your income for Chatham.
$58,336 on $291,682
Stretch — 33.5% of income
Above 28% but manageable with cuts.
PITI$2,091
P/I33.5%
Afford$244K
Gap-$48K
P&I $1,399Tax $542Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing