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Edison Park

Learn about the people, housing, costs and businesses in Edison Park, Illinois

Median Home$469,700
Median Rent$1,413/month
Population11,558
Leading IndustryProfessional Services3% of local workforce
Home Value Growth⬆⬆+11.3% over 2 years
Young Adults28% of residents
Homeowners81% of occupied units
NotableHigh Incomes$128k/year · top 8% nationally
NotableHighly Educated37% hold a bachelor's degree · top 12% nationally
Edison Park
IL

Frequently Asked Questions

What are today's mortgage rates in Edison Park?

As of today, the 30-year fixed mortgage rate for Edison Park is approximately 6.851% (6.896% 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 Edison Park?

The median home value in Edison Park is $470k. The median monthly rent is $1,413. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Edison Park?

Home values in Edison Park have increased 11.3% 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 Edison Park?

Based on a typical all-in ownership cost of $2,028/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Edison Park is $128k/year.

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What industries drive the economy in Edison Park?

The largest employment sectors in Edison Park are public administration (27%) 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