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Housing Affordability in Savoy, IL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 21.6%
- Illinois 30.4%
- Renters paying 30%+
- 36.1%
- Illinois 47.9%
- Homeowners paying 30%+
- 11.7%
- Illinois 22.4%
- Owner costs with a mortgage
- $2,127/mo
- Illinois $1,987/mo
Savoy has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more53436.1%
- Homeowners paying 30% or more25611.7%
- Renters paying 50% or more28819.4%
- Median rent as a share of income: 24.8%
- Median owner costs as a share of income, with a mortgage: 18.1%
- Median owner costs without a mortgage: $845/mo
- Median home value divided by median household income: 3.5
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Savoy, IL | 21.6% | 36.1% | 11.7% | 24.8% |
| Champaign County | 32.9% | 54.2% | 16.9% | 33.0% |
| Illinois | 30.4% | 47.9% | 22.4% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Savoy, IL?
- In Savoy, IL, 21.6% of households spend 30% or more of their income on housing costs.
- How does Savoy compare with Illinois?
- The households paying 30%+ for housing in Savoy is 21.6%, compared with 30.4% for Illinois as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates