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Equality

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

Median Home$89,400
Median Rent$477/month
Population477
Leading IndustriesManufacturing · Transportation · Retail2% manufacturing
Home Value Growth+6.7% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners71% of occupied units
NotableAffordable Market$89k median home · lower cost than 95% of the country
Equality
IL

Frequently Asked Questions

What are today's mortgage rates in Equality?

As of today, the 30-year fixed mortgage rate for Equality is approximately 6.995% (7.004% 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 Equality?

The median home value in Equality is $89k. The median monthly rent is $477. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Equality?

Home values in Equality have increased 6.7% 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 Equality?

Based on a typical all-in ownership cost of $546/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Equality is $52k/year.

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What industries drive the economy in Equality?

The largest employment sectors in Equality are public administration (18%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.