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Aledo

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

Median Home$149,100
Median Rent$814/month
Population3,627
Leading IndustriesFinance & Insurance · Construction · Agriculture & Mining7% finance & insurance
Home Value Growth+9.3% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners69% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit85/100 · excellent transit access
Aledo
IL

Frequently Asked Questions

What are today's mortgage rates in Aledo?

As of today, the 30-year fixed mortgage rate for Aledo is approximately 7.625% (7.677% 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 Aledo?

The median home value in Aledo is $149k. The median monthly rent is $814. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aledo?

Home values in Aledo have increased 9.3% over the past two years. This represents moderate growth. 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 Aledo?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aledo is $69k/year.

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What industries drive the economy in Aledo?

The largest employment sectors in Aledo are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.