Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Glen Carbon

Learn about the people, housing, costs and businesses in Glen Carbon, Illinois

Median Home$303,114
Median Rent$1,099/month
Population13,337
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare4% transportation
Home Value Growth⬆⬆+14.0% over 2 years
Young Adults27% of residentsnear the national average
Homeowners72% of occupied units
NotableHighly Educated33% bachelor's · 15% graduate · top 5% nationally
NotableAmenity Score73/100 · highly walkable area
Glen Carbon
IL

Frequently Asked Questions

What are today's mortgage rates in Glen Carbon?

As of today, the 30-year fixed mortgage rate for Glen Carbon is approximately 6.937% (6.944% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Glen Carbon
What is the median home price in Glen Carbon?

The median home value in Glen Carbon is $303k. The median monthly rent is $1,099. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Glen Carbon?

Home values in Glen Carbon have increased 14.0% 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 Glen Carbon?

Based on a typical all-in ownership cost of $1,484/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 Glen Carbon is $108k/year.

Calculate your buying power
What industries drive the economy in Glen Carbon?

The largest employment sectors in Glen Carbon are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.