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Coral

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

Median Home$323,608
Median Rent$1,216/month
Population17
Leading IndustryArts, Food & Hospitality8% of local workforce
Home Value Growth⬆⬆+14.0% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners67% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
NotableTransit80/100 · excellent transit access
Coral
IL

Frequently Asked Questions

What are today's mortgage rates in Coral?

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

The median home value in Coral is $324k. The median monthly rent is $1,216. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Coral?

Home values in Coral have increased 14.0% 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 Coral?

Based on a typical all-in ownership cost of $1,429/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Coral is $102k/year.

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What industries drive the economy in Coral?

The largest employment sectors in Coral are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.