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Belgium

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

Median Home$102,300
Median Rent$810/month
Population364
Leading IndustriesTransportation · Finance & Insurance · Construction11% transportation
Home Value Growth⬆⬆⬆+26.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners75% of occupied units
NotableAffordable Market$102k median home · lower cost than 91% of the country
Belgium
IL

Frequently Asked Questions

What are today's mortgage rates in Belgium?

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

The median home value in Belgium is $102k. The median monthly rent is $810. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Belgium?

Home values in Belgium 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 Belgium?

Based on a typical all-in ownership cost of $682/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Belgium is $56k/year.

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What industries drive the economy in Belgium?

The largest employment sectors in Belgium are public administration (22%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.