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Elmwood Community Unit School District 322

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

Median Home$200,497
Median Rent$829/month
Population3,944
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Retail10% wholesale trade
Home Value Growth+3.0% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners84% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 17% nationally
NotableHigh Incomes$94k/year · top 20% nationally
Elmwood Community Unit School District 322
IL

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Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Elmwood Community Unit School District 322 is approximately 7.056% (7.069% 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 Elmwood Community Unit School District 322
What is the median home price in Elmwood Community Unit School District 322?

The median home value in Elmwood Community Unit School District 322 is $200k. The median monthly rent is $829. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Home values in Elmwood Community Unit School District 322 have increased 3.0% over the past two years. This represents moderate growth. 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 Elmwood Community Unit School District 322?

Based on a typical all-in ownership cost of $1,203/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Elmwood Community Unit School District 322 is $94k/year.

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

The largest employment sectors in Elmwood Community Unit School District 322 are public administration (26%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.