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Apple River

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

Median Home$108,400
Median Rent$929/month
Population341
Leading IndustriesRetail · Construction · Finance & Insurance21% retail
Home Value Growth⬆⬆⬆+26.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners80% of occupied units
Apple River
IL

Frequently Asked Questions

What are today's mortgage rates in Apple River?

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

The median home value in Apple River is $108k. The median monthly rent is $929. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Apple River?

Home values in Apple River have increased 26.7% 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 Apple River?

Based on a typical all-in ownership cost of $845/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Apple River is $71k/year.

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What industries drive the economy in Apple River?

The largest employment sectors in Apple River are retail (21%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.