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Broughton

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

Median Home$201,900
Median Rent$770/month
Population168
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth+9.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners82% of occupied units
NotableTransit79/100 · excellent transit access
NotableHigh Incomes$90k/year · top 25% nationally
Broughton
IL

Frequently Asked Questions

What are today's mortgage rates in Broughton?

As of today, the 30-year fixed mortgage rate for Broughton is approximately 6.991% (7.000% 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 Broughton?

The median home value in Broughton is $202k. The median monthly rent is $770. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Broughton?

Home values in Broughton have increased 9.2% 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 Broughton?

Based on a typical all-in ownership cost of $810/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 Broughton is $90k/year.

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What industries drive the economy in Broughton?

The largest employment sectors in Broughton are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.