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Vandalia Real Estate Market Facts

  • $84,100Median home price
    52% lower than Illinois
  • $623Median rent asked
    33% lower than Illinois
  • 70.1%Home owners
    6% higher than Illinois
  • 2.5People per home
    2% lower than Illinois
Above, you will see a summary of real estate in Vandalia, IL. On average, homes in Vandalia, IL cost $84,100, a value that is 52% lower than the average in Illinois. In general terms, this results in Vandalia, IL real estate being more affordable than Illinois real estate. On average, people who rent houses in Vandalia, IL pay $623; this value is 33% lower than the average amount renters pay in Illinois. 70.1% of Vandalia, IL residents own their own homes and, on average, each of the homes has 2.5 occupants. Vandalia, IL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Vandalia, IL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Vandalia Home Affordability

  • $84,100Median home price
    52% lower than Illinois
  • $44,455Median home income
    25% lower than Illinois
  • 1.9xHome price to income ratio
    36% lower than Illinois
It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Vandalia, IL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Vandalia, IL’s median home price stands at $84,100 while $44,455 is the value of the average household income. The resulting home price to income ratio, which is 1.9x, differs from the Illinois average as the ratio is 36% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Vandalia, IL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Vandalia, IL.

Vandalia Affordability Calculator

Include PMI
You can afford a home up to:
Debt-to-income ratio
Monthly income breakdown
  • Monthly income
  • Monthly payment
  • Debt payment
  • Income taxes
  • Remainder
Are you looking for real estate in Vandalia, IL? Be careful not to purchase a home outside of your budget. A home affordability calculator lets you input your income, down payment, and debts to figure out how much you can afford to spend on your new home. If you know further information, such as mortgage term and rate or insurance, taxes, and HOA dues, you can input that as well to get a better estimate of the total cost. The calculator will show you the maximum amount you can afford to spend on a home. With that number in mind, you can start looking for a home in Vandalia, IL and avoid homes that don’t fit in your budget to guard yourself from an emotional, yet costly, decision. Thanks to the home affordability calculator, you can also create a stronger budget plan. Once you know your housing costs, you can figure out how much money you should spend and how much money you can save.

Vandalia Mortgage Calculator

Your monthly payment will be:
Monthly payment breakdown
  • Monthly payment
  • Mortgage
  • PMI fees
  • Property tax
  • Home insurance
  • HOA dues
What will I pay monthly if I buy real estate in Vandalia, IL? Determining the monthly payment amount of a home is based on a number of different factors. Obviously, the most significant variable is the overall price of the house, but there are also other considerations to make such as homeowners insurance, the interest rate, amount of the down payment, property taxes, private mortgage insurance (PMI), and even home owner's association dues. A great way to eliminate the PMI is by paying 20% of the cost of the house as a down payment. The mortgage calculator is filled out with default values for these variables, but they can be reset to give you a more accurate payment amount. The best rule when it comes to house payments is that you want to keep your debt to income ratio at no more than 36%. This means paying no more than 36% of your monthly income on your housse and all other debt payments.

Vandalia Demographics

  • 6,758Population
  • 829People / sq mile
  • 36.5Median age
  • 1.4:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Bingham, IL61$0100%
Vernon, IL111$37,10080%
Mulberry Grove, IL670$51,40072%
Brownstown, IL710$53,40071%
Kinmundy, IL1,007$55,10070%
Vandalia, IL6,758$84,10054%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Torrington, WY6,759$136,30026%
Gibsonville, NC6,759$148,70019%
Marion, SC6,756$98,80047%
Taneytown, MD6,755$240,10030%
South Weber, UT6,762$273,60048%
Vandalia, IL6,758$84,10054%
Source: The Vandalia, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).