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Cutler

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

Median Home$92,500
Median Rent$802/month
Population362
Leading IndustriesManufacturing · Public Administration · Finance & Insurance2% manufacturing
Home Value Growth⬆⬆+15.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners82% of occupied units
NotableTransit90/100 · excellent transit access
NotableAffordable Market$93k median home · lower cost than 94% of the country
Cutler
IL

Frequently Asked Questions

What are today's mortgage rates in Cutler?

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

The median home value in Cutler is $93k. The median monthly rent is $802. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cutler?

Home values in Cutler have increased 15.1% 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 Cutler?

Based on a typical all-in ownership cost of $741/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 Cutler is $67k/year.

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What industries drive the economy in Cutler?

The largest employment sectors in Cutler are public administration (29%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.