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Farmersville

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

Median Home$120,000
Median Rent$783/month
Population698
Leading IndustriesManufacturing · Education · Wholesale Trade2% manufacturing
Home Value Growth⬆⬆⬆+27.6% over 2 years
Family-Friendly28% of residentswell above average
Homeowners80% of occupied units
NotableAffordable Market$120k median home · lower cost than 84% of the country
Farmersville
IL

Frequently Asked Questions

What are today's mortgage rates in Farmersville?

As of today, the 30-year fixed mortgage rate for Farmersville is approximately 6.837% (6.842% 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 Farmersville?

The median home value in Farmersville is $120k. The median monthly rent is $783. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farmersville?

Home values in Farmersville have increased 27.6% 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 Farmersville?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farmersville is $84k/year.

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What industries drive the economy in Farmersville?

The largest employment sectors in Farmersville are public administration (25%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.