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Germantown Hills

Learn about the people, housing, costs and businesses in Germantown Hills, Illinois

Median Home$269,200
Median Rent$1,269/month
Population3,577
Leading IndustriesRetail · Manufacturing · Agriculture & Mining22% retail
Home Value Growth⬆⬆+16.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners93% of occupied units
NotableHigh Incomes$127k/year · top 7% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Germantown Hills
IL

Frequently Asked Questions

What are today's mortgage rates in Germantown Hills?

As of today, the 30-year fixed mortgage rate for Germantown Hills is approximately 6.970% (6.978% 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 Germantown Hills?

The median home value in Germantown Hills is $269k. The median monthly rent is $1,269. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Germantown Hills?

Home values in Germantown Hills have increased 16.8% 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 Germantown Hills?

Based on a typical all-in ownership cost of $1,498/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Germantown Hills is $127k/year.

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What industries drive the economy in Germantown Hills?

The largest employment sectors in Germantown Hills are public administration (23%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.