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Arenzville

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

Median Home$117,500
Median Rent$703/month
Population390
Leading IndustriesProfessional Services · Transportation · Construction8% professional services
Home Value Growth+3.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners75% of occupied units
NotableAffordable Market$118k median home · lower cost than 86% of the country
NotableVeteran Community9% of residents · top 22% nationally
Arenzville
IL

Frequently Asked Questions

What are today's mortgage rates in Arenzville?

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

The median home value in Arenzville is $118k. The median monthly rent is $703. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Arenzville?

Home values in Arenzville have increased 3.8% 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 Arenzville?

Based on a typical all-in ownership cost of $795/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Arenzville is $68k/year.

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What industries drive the economy in Arenzville?

The largest employment sectors in Arenzville are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.