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Crab Orchard

Learn about the people, housing, costs and businesses in Crab Orchard, Illinois

Median Home$152,800
Median Rent$825/month
Population357
Leading IndustriesManufacturing · Agriculture & Mining · Construction4% manufacturing
Home Value Growth+10.9% over 2 years
Young Adults22% of residents
Homeowners83% of occupied units
NotableAffordable Market$153k median home · lower cost than 73% of the country
Crab Orchard
IL

Frequently Asked Questions

What are today's mortgage rates in Crab Orchard?

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

The median home value in Crab Orchard is $153k. The median monthly rent is $825. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Crab Orchard?

Home values in Crab Orchard have increased 10.9% 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 Crab Orchard?

Based on a typical all-in ownership cost of $982/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Crab Orchard is $84k/year.

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What industries drive the economy in Crab Orchard?

The largest employment sectors in Crab Orchard are public administration (26%) and agriculture and mining (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.