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Germantown

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

Median Home$205,688
Median Rent$839/month
Population1,595
Leading IndustriesWholesale Trade · Manufacturing · Professional Services15% wholesale trade
Home Value Growth⬆⬆⬆+27.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners89% of occupied units
NotableHigh Incomes$87k/year · top 27% nationally
Germantown
IL

Frequently Asked Questions

What are today's mortgage rates in Germantown?

As of today, the 30-year fixed mortgage rate for Germantown is approximately 6.950% (7.019% 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?

The median home value in Germantown is $206k. The median monthly rent is $839. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Germantown?

Home values in Germantown have increased 27.0% 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?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Germantown is $87k/year.

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What industries drive the economy in Germantown?

The largest employment sectors in Germantown are public administration (22%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.