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Flanagan-Cornell District 74

Learn about the people, housing, costs and businesses in Flanagan-Cornell District 74, Illinois

Median Home$139,099
Median Rent$917/month
Population5,023
Leading IndustriesConstruction · Agriculture & Mining · Retail10% construction
Home Value Growth⬆⬆⬆+24.3% over 2 years
Young Adults26% of residents
Homeowners82% of occupied units
NotableAffordable Market$139k median home · lower cost than 88% of the country
Flanagan-Cornell District 74
IL

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Frequently Asked Questions

What are today's mortgage rates in Flanagan-Cornell District 74?

As of today, the 30-year fixed mortgage rate for Flanagan-Cornell District 74 is approximately 7.063% (7.077% 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 Flanagan-Cornell District 74?

The median home value in Flanagan-Cornell District 74 is $139k. The median monthly rent is $917. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Flanagan-Cornell District 74?

Home values in Flanagan-Cornell District 74 have increased 24.3% 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 Flanagan-Cornell District 74?

Based on a typical all-in ownership cost of $758/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Flanagan-Cornell District 74 is $70k/year.

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What industries drive the economy in Flanagan-Cornell District 74?

The largest employment sectors in Flanagan-Cornell District 74 are public administration (23%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.