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Cuba

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

Median Home$112,300
Median Rent$869/month
Population1,204
Leading IndustriesPublic Administration · Professional Services33% public administration
Home Value Growth⬆⬆+15.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Cuba
IL

Frequently Asked Questions

What are today's mortgage rates in Cuba?

As of today, the 30-year fixed mortgage rate for Cuba is approximately 7.005% (7.018% 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 Cuba?

The median home value in Cuba is $112k. 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 Cuba?

Home values in Cuba have increased 15.4% 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 Cuba?

Based on a typical all-in ownership cost of $843/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cuba is $66k/year.

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What industries drive the economy in Cuba?

The largest employment sectors in Cuba are public administration (33%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.