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Carrollton

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

Median Home$114,100
Median Rent$771/month
Population2,519
Leading IndustriesManufacturing · Agriculture & Mining · Public Administration2% manufacturing
Home Value Growth⬆⬆⬆+24.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners69% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$114k median home · lower cost than 87% of the country
Carrollton
IL

Frequently Asked Questions

What are today's mortgage rates in Carrollton?

As of today, the 30-year fixed mortgage rate for Carrollton is approximately 7.312% (7.328% 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 Carrollton?

The median home value in Carrollton is $114k. The median monthly rent is $771. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carrollton?

Home values in Carrollton have increased 24.6% 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 Carrollton?

Based on a typical all-in ownership cost of $741/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carrollton is $61k/year.

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What industries drive the economy in Carrollton?

The largest employment sectors in Carrollton are public administration (29%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.