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Apple Canyon Lake

Learn about the people, housing, costs and businesses in Apple Canyon Lake, Illinois

Median Home$295,200
Median Rent$869/month
Population627
Leading IndustriesEducation · Retail · Information & Media5% education
Home Value Growth+6.0% over 2 years
Retirees37% of residentstop 2% nationally
Homeowners92% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Apple Canyon Lake
IL

Frequently Asked Questions

What are today's mortgage rates in Apple Canyon Lake?

As of today, the 30-year fixed mortgage rate for Apple Canyon Lake is approximately 6.944% (6.952% 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 Apple Canyon Lake?

The median home value in Apple Canyon Lake is $295k. The median monthly rent is $869. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Apple Canyon Lake?

Home values in Apple Canyon Lake have increased 6.0% 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 Apple Canyon Lake?

Based on a typical all-in ownership cost of $1,114/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Apple Canyon Lake is $81k/year.

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What industries drive the economy in Apple Canyon Lake?

The largest employment sectors in Apple Canyon Lake are retail (17%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.