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Albers

Learn about the people, housing, costs and businesses in Albers, Illinois

Median Home$202,000
Median Rent$1,117/month
Population1,105
Leading IndustriesConstruction · Agriculture & Mining · Public Administration11% construction
Home Value Growth⬆⬆⬆+27.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners74% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Albers
IL

Frequently Asked Questions

What are today's mortgage rates in Albers?

As of today, the 30-year fixed mortgage rate for Albers is approximately 7.024% (7.034% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Albers?

The median home value in Albers is $202k. The median monthly rent is $1,117. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Albers?

Home values in Albers have increased 27.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Albers?

Based on a typical all-in ownership cost of $1,186/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Albers is $92k/year.

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What industries drive the economy in Albers?

The largest employment sectors in Albers are public administration (27%) and agriculture and mining (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.