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Avalon Park

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

Median Home$213,686
Median Rent$1,061/month
Population9,038
Leading IndustriesConstruction · Agriculture & Mining · Information & Media1% construction
Home Value Growth⬆⬆+19.1% over 2 years
Retirees24% of residentstop 4% nationally
Homeowners66% of occupied units
NotableAffordable Market$214k median home · lower cost than 77% of the country
Avalon Park
IL

Frequently Asked Questions

What are today's mortgage rates in Avalon Park?

As of today, the 30-year fixed mortgage rate for Avalon Park is approximately 6.926% (6.976% 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 Avalon Park?

The median home value in Avalon Park is $214k. The median monthly rent is $1,061. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Avalon Park?

Home values in Avalon Park have increased 19.1% 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 Avalon Park?

Based on a typical all-in ownership cost of $1,090/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Avalon Park is $57k/year.

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What industries drive the economy in Avalon Park?

The largest employment sectors in Avalon Park are public administration (29%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas