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Chebanse

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

Median Home$205,054
Median Rent$968/month
Population1,027
Leading IndustriesEducation · Public Administration · Construction3% education
Home Value Growth⬆⬆+13.6% over 2 years
Retirees23% of residentsslightly above average
Homeowners81% of occupied units
NotableTransit82/100 · excellent transit access
NotableHigh Incomes$92k/year · top 23% nationally
Chebanse
IL

Frequently Asked Questions

What are today's mortgage rates in Chebanse?

As of today, the 30-year fixed mortgage rate for Chebanse is approximately 6.994% (7.003% 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 Chebanse?

The median home value in Chebanse is $205k. The median monthly rent is $968. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chebanse?

Home values in Chebanse have increased 13.6% 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 Chebanse?

Based on a typical all-in ownership cost of $1,138/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chebanse is $92k/year.

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What industries drive the economy in Chebanse?

The largest employment sectors in Chebanse are public administration (28%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.