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Learn about the people, housing, costs and businesses in Chemung, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Chemung.
True all-in cost — P&I, taxes, insurance & utilities for homes in Chemung.
Find and compare lenders active near Chemung.
FEMA flood zones and flood insurance estimates for Chemung.
Seismic risk and earthquake insurance estimates for Chemung.
Wildfire exposure and insurance estimates for Chemung.
As of today, the 30-year fixed mortgage rate for Chemung 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.
View current rates for ChemungThe median home value in Chemung is $216k. The median monthly rent is $1,183. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Chemung have increased 19.8% 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.
Based on a typical all-in ownership cost of $1,174/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chemung is $71k/year.
Calculate your buying powerThe largest employment sectors in Chemung are retail (30%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.