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Edgewood

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

Median Home$153,300
Median Rent$570/month
Population425
Leading IndustriesConstruction · Retail · Agriculture & Mining6% construction
Home Value Growth⬆⬆+11.7% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners89% of occupied units
NotableAffordable Market$153k median home · lower cost than 73% of the country
Edgewood
IL

Frequently Asked Questions

What are today's mortgage rates in Edgewood?

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

The median home value in Edgewood is $153k. The median monthly rent is $570. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edgewood?

Home values in Edgewood have increased 11.7% 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 Edgewood?

Based on a typical all-in ownership cost of $838/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 Edgewood is $81k/year.

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What industries drive the economy in Edgewood?

The largest employment sectors in Edgewood are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.