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Flanagan

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

Median Home$158,000
Median Rent$965/month
Population1,043
Leading IndustriesConstruction · Agriculture & Mining · Retail14% construction
Home Value Growth⬆⬆⬆+27.1% over 2 years
Retirees21% of residentsnear the national average
Homeowners82% of occupied units
NotableHigh Incomes$89k/year · top 26% nationally
Flanagan
IL

Frequently Asked Questions

What are today's mortgage rates in Flanagan?

As of today, the 30-year fixed mortgage rate for Flanagan is approximately 7.099% (7.114% 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?

The median home value in Flanagan is $158k. The median monthly rent is $965. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Flanagan?

Home values in Flanagan have increased 27.1% 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?

Based on a typical all-in ownership cost of $934/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Flanagan is $89k/year.

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What industries drive the economy in Flanagan?

The largest employment sectors in Flanagan are public administration (21%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.