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Douglas

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

Median Home$368,425
Median Rent$1,040/month
Population21,088
Leading IndustryEducation4% of local workforce
Home Value Growth⬆⬆+13.4% over 2 years
Young Adults43% of residentsabove average nationally
Renters80% of occupied units
Douglas
IL

Frequently Asked Questions

What are today's mortgage rates in Douglas?

As of today, the 30-year fixed mortgage rate for Douglas is approximately 6.927% (6.978% 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 Douglas?

The median home value in Douglas is $368k. The median monthly rent is $1,040. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Douglas?

Home values in Douglas have increased 13.4% 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 Douglas?

Based on a typical all-in ownership cost of $1,240/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Douglas is $59k/year.

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What industries drive the economy in Douglas?

The largest employment sectors in Douglas are public administration (28%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas