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Durand Community Unit School District 322

Learn about the people, housing, costs and businesses in Durand Community Unit School District 322, Illinois

Median Home$263,753
Median Rent$1,280/month
Population228,725
Leading IndustriesInformation & Media · Finance & Insurance · Transportation9% information & media
Home Value Growth⬆⬆+17.6% over 2 years
Young Adults29% of residentsslightly above average
Homeowners67% of occupied units
Durand Community Unit School District 322
IL

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Frequently Asked Questions

What are today's mortgage rates in Durand Community Unit School District 322?

As of today, the 30-year fixed mortgage rate for Durand Community Unit School District 322 is approximately 6.969% (6.977% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Durand Community Unit School District 322
What is the median home price in Durand Community Unit School District 322?

The median home value in Durand Community Unit School District 322 is $264k. The median monthly rent is $1,280. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Durand Community Unit School District 322?

Home values in Durand Community Unit School District 322 have increased 17.6% 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 Durand Community Unit School District 322?

Based on a typical all-in ownership cost of $1,264/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Durand Community Unit School District 322 is $83k/year.

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What industries drive the economy in Durand Community Unit School District 322?

The largest employment sectors in Durand Community Unit School District 322 are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.