Quick facts: Dundas, IL

Quick Facts

102.4
Cost of Living
above US average
271
Population
36.9
Crime Rate per 1000
above US average
$60,000
Median Income
below US average
$157,912
Median House Price
above US average
$1707
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 $60,000.

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Income Needed to Buy

βœ“ Affordable
$50k/year
Based on $157,912 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($60,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $60,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dundas, IL

Dundas is a small village located in Richland County, Illinois, with a close-knit community vibe and a rural atmosphere. Nestled within the lush landscapes of the Midwest, it offers residents a peaceful lifestyle surrounded by nature. The village is a quaint place, known for its friendly environment and small-town charm. Dundas is situated near larger towns, providing convenient access to more extensive amenities and services while retaining its serene nature. The surrounding area includes opportunities for outdoor activities such as hiking and fishing, thanks to its proximity to rivers and parks. Community events often bring residents together, fostering a sense of belonging. Dundas is served by local schools and has a rich agricultural history, with many families involved in farming and related industries. Overall, the village exemplifies the beauty and simplicity of rural life in Illinois, making it an ideal location for those seeking tranquility and community spirit.

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