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Alvin

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

Median Home$152,300
Median Rent$873/month
Population212
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade8% construction
Home Value Growth⬆⬆⬆+21.8% over 2 years
Retirees21% of residentsnear the national average
Homeowners83% of occupied units
NotableHigh Incomes$90k/year · top 25% nationally
Alvin
IL

Frequently Asked Questions

What are today's mortgage rates in Alvin?

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

The median home value in Alvin is $152k. The median monthly rent is $873. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alvin?

Home values in Alvin have increased 21.8% 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 Alvin?

Based on a typical all-in ownership cost of $815/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alvin is $90k/year.

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What industries drive the economy in Alvin?

The largest employment sectors in Alvin are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.