Quick facts: Elsah, IL

Quick Facts

102.4
Cost of Living
above US average
516
Population
29.07
Crime Rate per 1000
above US average
$83,125
Median Income
above US average
$65,000
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 $83,125.

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Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $65,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($83,125) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($83,125) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Elsah, IL

Elsah, Illinois, is a quaint village nestled along the Mississippi River, just about 30 miles north of St. Louis, Missouri. With a population of around 600 residents, Elsah is renowned for its rich history and stunning natural beauty. The village is part of the Lewis and Clark Historic Trail, celebrating its significant role in American exploration. Founded in the mid-19th century, Elsah boasts well-preserved architecture, characterized by picturesque Victorian homes and historic buildings that reflect its heritage. The charming streets are lined with lush greenery, making it an appealing spot for leisurely walks and outdoor activities. Elsah is surrounded by scenic bluffs and the mighty Mississippi, offering opportunities for hiking, birdwatching, and enjoying nature. Its proximity to the Great River Road, a scenic route that follows the river, enhances its accessibility for visitors. Despite its small size, Elsah hosts various community events, focusing on local culture and history. The village provides a peaceful retreat, with a strong sense of community, complementing its idyllic riverside setting.

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