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Brocton

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

Median Home$82,000
Median Rent$822/month
Population267
Leading IndustriesManufacturing · Public Administration · Professional Services2% manufacturing
Home Value Growth+2.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners79% of occupied units
NotableAffordable Market$82k median home · lower cost than 97% of the country
Brocton
IL

Frequently Asked Questions

What are today's mortgage rates in Brocton?

As of today, the 30-year fixed mortgage rate for Brocton is approximately 7.328% (7.344% 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 Brocton?

The median home value in Brocton is $82k. The median monthly rent is $822. Annual property taxes average $972. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brocton?

Home values in Brocton have increased 2.0% over the past two years. The market has been relatively stable. 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 Brocton?

Based on a typical all-in ownership cost of $667/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 Brocton is $64k/year.

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What industries drive the economy in Brocton?

The largest employment sectors in Brocton are public administration (29%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.