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Ford Heights

Learn about the people, housing, costs and businesses in Ford Heights, Illinois

Median Home$198,855
Median Rent$1,059/month
Population1,511
Leading IndustriesFinance & Insurance · Professional Services · Information & Media7% finance & insurance
Home Value Growth+3.8% over 2 years
Young Adults27% of residentsnear the national average
Homeowners74% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Ford Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Ford Heights?

As of today, the 30-year fixed mortgage rate for Ford Heights is approximately 7.078% (7.089% 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 Ford Heights?

The median home value in Ford Heights is $199k. The median monthly rent is $1,059. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ford Heights?

Home values in Ford Heights have increased 3.8% over the past two years. This represents moderate growth. 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 Ford Heights?

Based on a typical all-in ownership cost of $1,134/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ford Heights is $61k/year.

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What industries drive the economy in Ford Heights?

The largest employment sectors in Ford Heights are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.