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Ellis Grove

Learn about the people, housing, costs and businesses in Ellis Grove, Illinois

Median Home$157,300
Median Rent$850/month
Population305
Leading IndustriesTransportation · Information & Media3% transportation
Home Value Growth+2.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners96% of occupied units
NotableTransit80/100 · excellent transit access
NotableHigh Incomes$85k/year · top 30% nationally
Ellis Grove
IL

Frequently Asked Questions

What are today's mortgage rates in Ellis Grove?

As of today, the 30-year fixed mortgage rate for Ellis Grove is approximately 7.625% (7.722% 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 Ellis Grove?

The median home value in Ellis Grove is $157k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ellis Grove?

Home values in Ellis Grove have increased 2.2% over the past two years. The market has been relatively stable. 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 Ellis Grove?

Based on a typical all-in ownership cost of $799/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ellis Grove is $85k/year.

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What industries drive the economy in Ellis Grove?

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