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Avon

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

Median Home$83,570
Median Rent$821/month
Population681
Leading IndustriesTransportation · Information & Media · Finance & Insurance6% transportation
Home Value Growth+8.5% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners86% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$84k median home · lower cost than 96% of the country
Avon
IL

Frequently Asked Questions

What are today's mortgage rates in Avon?

As of today, the 30-year fixed mortgage rate for Avon is approximately 7.625% (7.738% 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 Avon?

The median home value in Avon is $84k. The median monthly rent is $821. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Avon?

Home values in Avon have increased 8.5% 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 Avon?

Based on a typical all-in ownership cost of $815/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Avon is $59k/year.

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What industries drive the economy in Avon?

The largest employment sectors in Avon are public administration (28%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.