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Alden

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

Median Home$303,600
Median Rent$1,195/month
Population111
Leading IndustriesRetail · Wholesale Trade · Transportation23% retail
Home Value Growth+10.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners88% of occupied units
NotableTransit88/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Alden
IL

Frequently Asked Questions

What are today's mortgage rates in Alden?

As of today, the 30-year fixed mortgage rate for Alden is approximately 6.994% (7.003% 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 Alden?

The median home value in Alden is $304k. The median monthly rent is $1,195. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alden?

Home values in Alden have increased 10.7% 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 Alden?

Based on a typical all-in ownership cost of $1,348/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alden is $95k/year.

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What industries drive the economy in Alden?

The largest employment sectors in Alden are retail (23%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.