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Carrier Mills

Learn about the people, housing, costs and businesses in Carrier Mills, Illinois

Median Home$75,277
Median Rent$499/month
Population1,481
Leading IndustriesManufacturing · Transportation · Public Administration2% manufacturing
Home Value Growth⬆⬆+20.6% over 2 years
Young Adults29% of residentsslightly above average
Homeowners84% of occupied units
NotableAffordable Market$75k median home · lower cost than 98% of the country
NotableVeteran Community10% of residents · top 14% nationally
Carrier Mills
IL

Frequently Asked Questions

What are today's mortgage rates in Carrier Mills?

As of today, the 30-year fixed mortgage rate for Carrier Mills is approximately 6.963% (6.971% 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 Carrier Mills?

The median home value in Carrier Mills is $75k. The median monthly rent is $499. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carrier Mills?

Home values in Carrier Mills have increased 20.6% 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 Carrier Mills?

Based on a typical all-in ownership cost of $658/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carrier Mills is $56k/year.

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What industries drive the economy in Carrier Mills?

The largest employment sectors in Carrier Mills are public administration (26%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.