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Aroma Park

Learn about the people, housing, costs and businesses in Aroma Park, Illinois

Median Home$178,122
Median Rent$1,093/month
Population663
Leading IndustriesPublic Administration · Education · Retail31% public administration
Home Value Growth+6.2% over 2 years
Young Adults24% of residents
Homeowners86% of occupied units
Aroma Park
IL

Frequently Asked Questions

What are today's mortgage rates in Aroma Park?

As of today, the 30-year fixed mortgage rate for Aroma Park is approximately 7.030% (7.040% 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 Aroma Park?

The median home value in Aroma Park is $178k. The median monthly rent is $1,093. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Aroma Park?

Home values in Aroma Park have increased 6.2% 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 Aroma Park?

Based on a typical all-in ownership cost of $1,245/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Aroma Park is $84k/year.

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What industries drive the economy in Aroma Park?

The largest employment sectors in Aroma Park are public administration (31%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.