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Cumberland Community Unit School District 77

Learn about the people, housing, costs and businesses in Cumberland Community Unit School District 77, Illinois

Median Home$111,791
Median Rent$737/month
Population6,006
Leading IndustriesConstruction · Retail4% construction
Home Value Growth⬆⬆+20.9% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableAffordable Market$112k median home · lower cost than 94% of the country
Cumberland Community Unit School District 77
IL

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Frequently Asked Questions

What are today's mortgage rates in Cumberland Community Unit School District 77?

As of today, the 30-year fixed mortgage rate for Cumberland Community Unit School District 77 is approximately 7.494% (7.514% 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 Cumberland Community Unit School District 77?

The median home value in Cumberland Community Unit School District 77 is $112k. The median monthly rent is $737. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cumberland Community Unit School District 77?

Home values in Cumberland Community Unit School District 77 have increased 20.9% 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 Cumberland Community Unit School District 77?

Based on a typical all-in ownership cost of $738/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cumberland Community Unit School District 77 is $70k/year.

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What industries drive the economy in Cumberland Community Unit School District 77?

The largest employment sectors in Cumberland Community Unit School District 77 are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.