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Calumet Heights

Learn about the people, housing, costs and businesses in Calumet Heights, Illinois

Median Home$211,840
Median Rent$1,218/month
Population11,229
Leading IndustriesEducation · Healthcare5% education
Home Value Growth⬆⬆+11.7% over 2 years
Retirees30% of residentstop 1% nationally
Homeowners71% of occupied units
NotableVeteran Community6% of residents · top 5% nationally
Calumet Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Calumet Heights?

As of today, the 30-year fixed mortgage rate for Calumet Heights is approximately 6.943% (6.994% 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 Calumet Heights?

The median home value in Calumet Heights is $212k. The median monthly rent is $1,218. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Calumet Heights?

Home values in Calumet Heights have increased 11.7% 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 Calumet Heights?

Based on a typical all-in ownership cost of $1,099/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Calumet Heights is $62k/year.

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What industries drive the economy in Calumet Heights?

The largest employment sectors in Calumet Heights are public administration (29%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas