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Chester-East Lincoln Community Csd 61

Learn about the people, housing, costs and businesses in Chester-East Lincoln Community Csd 61, Illinois

Median Home$143,048
Median Rent$799/month
Population2,774
Leading IndustriesTransportation · Finance & Insurance · Information & Media3% transportation
Home Value Growth+10.9% over 2 years
Family-Friendly24% of residentsabove average nationally
Homeowners73% of occupied units
NotableAffordable Market$143k median home · lower cost than 94% of the country
Chester-East Lincoln Community Csd 61
IL

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Frequently Asked Questions

What are today's mortgage rates in Chester-East Lincoln Community Csd 61?

As of today, the 30-year fixed mortgage rate for Chester-East Lincoln Community Csd 61 is approximately 7.306% (7.322% 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 Chester-East Lincoln Community Csd 61
What is the median home price in Chester-East Lincoln Community Csd 61?

The median home value in Chester-East Lincoln Community Csd 61 is $143k. The median monthly rent is $799. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chester-East Lincoln Community Csd 61?

Home values in Chester-East Lincoln Community Csd 61 have increased 10.9% 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 Chester-East Lincoln Community Csd 61?

Based on a typical all-in ownership cost of $869/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chester-East Lincoln Community Csd 61 is $75k/year.

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What industries drive the economy in Chester-East Lincoln Community Csd 61?

The largest employment sectors in Chester-East Lincoln Community Csd 61 are public administration (21%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.