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Alhambra

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

Median Home$175,700
Median Rent$781/month
Population641
Leading IndustriesTransportation · Wholesale Trade · Information & Media5% transportation
Home Value Growth⬆⬆+12.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners82% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Alhambra
IL

Frequently Asked Questions

What are today's mortgage rates in Alhambra?

As of today, the 30-year fixed mortgage rate for Alhambra 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 Alhambra?

The median home value in Alhambra is $176k. The median monthly rent is $781. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alhambra?

Home values in Alhambra have increased 12.4% 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 Alhambra?

Based on a typical all-in ownership cost of $940/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alhambra is $83k/year.

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What industries drive the economy in Alhambra?

The largest employment sectors in Alhambra are public administration (18%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.