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Chestnut

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

Median Home$125,100
Median Rent$710/month
Population223
Leading IndustriesTransportation · Manufacturing · Professional Services4% transportation
Home Value Growth⬆⬆+14.9% over 2 years
Family-Friendly35% of residentstop 1% nationally
Homeowners84% of occupied units
NotableAffordable Market$125k median home · lower cost than 82% of the country
Chestnut
IL

Frequently Asked Questions

What are today's mortgage rates in Chestnut?

As of today, the 30-year fixed mortgage rate for Chestnut 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 Chestnut?

The median home value in Chestnut is $125k. The median monthly rent is $710. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chestnut?

Home values in Chestnut have increased 14.9% 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 Chestnut?

Based on a typical all-in ownership cost of $847/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chestnut is $73k/year.

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What industries drive the economy in Chestnut?

The largest employment sectors in Chestnut are public administration (24%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.