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Coal Valley

Learn about the people, housing, costs and businesses in Coal Valley, Illinois

Median Home$202,539
Median Rent$847/month
Population3,816
Leading IndustriesTransportation · Retail · Finance & Insurance6% transportation
Home Value Growth⬆⬆+16.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners92% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
NotableVeteran Community9% of residents · top 22% nationally
Coal Valley
IL

Frequently Asked Questions

What are today's mortgage rates in Coal Valley?

As of today, the 30-year fixed mortgage rate for Coal Valley is approximately 6.977% (6.989% 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 Coal Valley?

The median home value in Coal Valley is $203k. The median monthly rent is $847. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coal Valley?

Home values in Coal Valley have increased 16.4% 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 Coal Valley?

Based on a typical all-in ownership cost of $1,230/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coal Valley is $97k/year.

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What industries drive the economy in Coal Valley?

The largest employment sectors in Coal Valley are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.