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Eldred

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

Median Home$118,700
Median Rent$605/month
Population147
Leading IndustriesEducation · Wholesale Trade · Construction8% education
Home Value Growth⬆⬆+12.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners89% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$119k median home · lower cost than 85% of the country
Eldred
IL

Frequently Asked Questions

What are today's mortgage rates in Eldred?

As of today, the 30-year fixed mortgage rate for Eldred is approximately 7.601% (7.623% 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 Eldred?

The median home value in Eldred is $119k. The median monthly rent is $605. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eldred?

Home values in Eldred have increased 12.8% 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 Eldred?

Based on a typical all-in ownership cost of $866/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eldred is $74k/year.

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What industries drive the economy in Eldred?

The largest employment sectors in Eldred are wholesale trade (21%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.