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Cowden-Herrick Community Unit School District 3A

Learn about the people, housing, costs and businesses in Cowden-Herrick Community Unit School District 3A, Illinois

Median Home$150,529
Median Rent$869/month
Population6,744
Leading IndustriesInformation & Media · Construction · Agriculture & Mining8% information & media
Home Value Growth⬆⬆⬆+21.2% over 2 years
Young Adults27% of residentsnear the national average
Homeowners75% of occupied units
NotableAffordable Market$151k median home · lower cost than 84% of the country
Cowden-Herrick Community Unit School District 3A
IL

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Frequently Asked Questions

What are today's mortgage rates in Cowden-Herrick Community Unit School District 3A?

As of today, the 30-year fixed mortgage rate for Cowden-Herrick Community Unit School District 3A is approximately 7.000% (7.013% 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 Cowden-Herrick Community Unit School District 3A
What is the median home price in Cowden-Herrick Community Unit School District 3A?

The median home value in Cowden-Herrick Community Unit School District 3A is $151k. The median monthly rent is $869. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cowden-Herrick Community Unit School District 3A?

Home values in Cowden-Herrick Community Unit School District 3A have increased 21.2% 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 Cowden-Herrick Community Unit School District 3A?

Based on a typical all-in ownership cost of $796/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cowden-Herrick Community Unit School District 3A is $68k/year.

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What industries drive the economy in Cowden-Herrick Community Unit School District 3A?

The largest employment sectors in Cowden-Herrick Community Unit School District 3A are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.