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Chillicothe

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

Median Home$135,252
Median Rent$919/month
Population6,069
Leading IndustriesPublic Administration · Wholesale Trade33% public administration
Home Value Growth⬆⬆⬆+25.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Chillicothe
IL

Frequently Asked Questions

What are today's mortgage rates in Chillicothe?

As of today, the 30-year fixed mortgage rate for Chillicothe is approximately 7.441% (7.460% 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 Chillicothe?

The median home value in Chillicothe is $135k. The median monthly rent is $919. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chillicothe?

Home values in Chillicothe have increased 25.8% 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.

How much income do you need to buy a home in Chillicothe?

Based on a typical all-in ownership cost of $910/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chillicothe is $70k/year.

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What industries drive the economy in Chillicothe?

The largest employment sectors in Chillicothe are public administration (33%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.