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Channahon

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

Median Home$305,804
Median Rent$1,465/month
Population13,560
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing9% information & media
Home Value Growth+11.0% over 2 years
Young Adults28% of residentsnear the national average
Homeowners88% of occupied units
NotableHigh Incomes$125k/year · top 8% nationally
Channahon
IL

Frequently Asked Questions

What are today's mortgage rates in Channahon?

As of today, the 30-year fixed mortgage rate for Channahon is approximately 6.951% (6.959% 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 Channahon?

The median home value in Channahon is $306k. The median monthly rent is $1,465. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Channahon?

Home values in Channahon have increased 11.0% 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 Channahon?

Based on a typical all-in ownership cost of $1,816/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Channahon is $125k/year.

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What industries drive the economy in Channahon?

The largest employment sectors in Channahon are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.