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Floraville

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

Median Home$251,600
Median Rent$1,041/month
Population48
Leading IndustriesProfessional Services · Transportation · Public Administration4% professional services
Home Value Growth⬆⬆+17.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners85% of occupied units
NotableHigh Incomes$91k/year · top 24% nationally
Floraville
IL

Frequently Asked Questions

What are today's mortgage rates in Floraville?

As of today, the 30-year fixed mortgage rate for Floraville is approximately 6.994% (7.003% 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 Floraville?

The median home value in Floraville is $252k. The median monthly rent is $1,041. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Floraville?

Home values in Floraville have increased 17.9% 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 Floraville?

Based on a typical all-in ownership cost of $1,269/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Floraville is $91k/year.

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What industries drive the economy in Floraville?

The largest employment sectors in Floraville are public administration (26%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.