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Broadwell

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

Median Home$156,200
Median Rent$785/month
Population133
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆⬆+27.4% over 2 years
Young Adults25% of residents
Homeowners80% of occupied units
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
NotableHigh Incomes$100k/year · top 17% nationally
Broadwell
IL

Frequently Asked Questions

What are today's mortgage rates in Broadwell?

As of today, the 30-year fixed mortgage rate for Broadwell is approximately 6.913% (6.920% 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 Broadwell?

The median home value in Broadwell is $156k. The median monthly rent is $785. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Broadwell?

Home values in Broadwell have increased 27.4% 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 Broadwell?

Based on a typical all-in ownership cost of $972/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Broadwell is $100k/year.

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What industries drive the economy in Broadwell?

The largest employment sectors in Broadwell are public administration (29%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.