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Crest Hill

Learn about the people, housing, costs and businesses in Crest Hill, Illinois

Median Home$225,384
Median Rent$1,662/month
Population20,656
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade12% finance & insurance
Home Value Growth⬆⬆⬆+23.9% over 2 years
Young Adults35% of residentswell above average
Homeowners73% of occupied units
NotableAmenity Score80/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Crest Hill
IL

Frequently Asked Questions

What are today's mortgage rates in Crest Hill?

As of today, the 30-year fixed mortgage rate for Crest Hill is approximately 7.058% (7.068% 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 Crest Hill?

The median home value in Crest Hill is $225k. The median monthly rent is $1,662. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Crest Hill?

Home values in Crest Hill have increased 23.9% 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 Crest Hill?

Based on a typical all-in ownership cost of $1,456/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Crest Hill is $82k/year.

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What industries drive the economy in Crest Hill?

The largest employment sectors in Crest Hill are retail (17%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.