Quick facts: South holland, IL

Quick Facts

102.4
Cost of Living
above US average
20,685
Population
24.12
Crime Rate per 1000
above US average
$79,567
Median Income
below US average
$234,900
Median House Price
above US average
$2957.55
Average Rent
above US average
10%
Poverty Rate
below US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $79,567.

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Income Needed to Buy

βœ“ Affordable
$74k/year
Based on $234,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($79,567) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$127k/year
Based on $2957.55/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $127k vs median $79,567
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for South holland, IL

South Holland is a suburban village located in Cook County, Illinois, just 25 miles south of downtown Chicago. With a population of around 22,000 residents, this community is known for its family-friendly environment, scenic parks, and strong sense of community. The village was established in the early 1900s and has a rich Dutch heritage, reflected in its architecture and cultural events. South Holland features a mix of residential areas, local businesses, and access to larger shopping centers nearby. The area is well-connected by highways, making commuting to Chicago and other suburbs convenient for residents. Notable amenities include parks such as the South Holland Community Park and the nearby Lake Katherine Nature Center. Education is a priority in South Holland, with schools served by the South Holland School District and nearby high schools providing quality education. The village also hosts a variety of community events and activities throughout the year, fostering a close-knit atmosphere among its residents. Overall, South Holland is a welcoming place offering a suburban lifestyle with easy access to the urban attractions of Chicago.

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