Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Broadlands

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

Median Home$196,000
Median Rent$984/month
Population296
Leading IndustriesProfessional Services · Finance & Insurance · Information & Media3% professional services
Home Value Growth⬆⬆+18.4% over 2 years
Young Adults33% of residentswell above average
Homeowners86% of occupied units
NotableHigh Incomes$93k/year · top 22% nationally
Broadlands
IL

Frequently Asked Questions

What are today's mortgage rates in Broadlands?

As of today, the 30-year fixed mortgage rate for Broadlands is approximately 6.999% (7.008% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Broadlands
What is the median home price in Broadlands?

The median home value in Broadlands is $196k. The median monthly rent is $984. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Broadlands?

Home values in Broadlands have increased 18.4% 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 Broadlands?

Based on a typical all-in ownership cost of $1,119/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Broadlands is $93k/year.

Calculate your buying power
What industries drive the economy in Broadlands?

The largest employment sectors in Broadlands are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.