Quick facts: Yorkville, IL

Quick Facts

102.4
Cost of Living
above US average
23,835
Population
5.33
Crime Rate per 1000
below US average
$105,322
Median Income
above US average
$399,900
Median House Price
above US average
$2287.33
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $105,322.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $105,322
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Income Needed to Rent

βœ“ Affordable
$98k/year
Based on $2287.33/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($105,322) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Yorkville, IL

Yorkville, located in Kendall County, Illinois, is a charming suburban community situated about 50 miles southwest of Chicago. This city, incorporated in 1850, features a blend of small-town charm and modern conveniences, making it an attractive destination for families and individuals alike. Yorkville is known for its beautiful parks, including the expansive Ravenstone Park and the scenic Parks & Recreation area along the Fox River, which provides residents and visitors with ample outdoor activities such as hiking, fishing, and biking. The city hosts community events throughout the year, fostering a strong sense of community among its residents. Yorkville's downtown area features a mix of quaint shops, restaurants, and local businesses, while its proximity to the larger metropolitan area of Chicago offers residents easy access to a wealth of amenities, cultural experiences, and employment opportunities. The city's public schools are part of the highly rated Yorkville Community Unit School District 115, which adds to its appeal for families. With a growing population and ongoing development, Yorkville balances a relaxed, welcoming atmosphere with progressive growth, making it a great place to call home.

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