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Flanagan-Cornell District 74 in Cornell

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

Median Home$147,858
Median Rent$1,012/month
Population1,007
Leading IndustriesAgriculture & Mining · Construction · Retail12% agriculture & mining
Home Value Growth⬆⬆+20.1% over 2 years
Retirees23% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community8% of residents · top 19% nationally
NotableAffordable Market$148k median home · lower cost than 91% of the country
Flanagan-Cornell District 74 in Cornell
IL

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Frequently Asked Questions

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

As of today, the 30-year fixed mortgage rate for Flanagan-Cornell District 74 in Cornell is approximately 7.292% (7.307% 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 Flanagan-Cornell District 74 in Cornell
What is the median home price in Flanagan-Cornell District 74 in Cornell?

The median home value in Flanagan-Cornell District 74 in Cornell is $148k. The median monthly rent is $1,012. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Flanagan-Cornell District 74 in Cornell?

Home values in Flanagan-Cornell District 74 in Cornell have increased 20.1% 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 in Cornell?

Based on a typical all-in ownership cost of $888/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/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 in Cornell is $85k/year.

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

The largest employment sectors in Flanagan-Cornell District 74 in Cornell are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.