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Hamburg

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

Median Home$141,700
Median Rent$496/month
Population78
Leading IndustriesPublic Administration · Manufacturing · Education35% public administration
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$142k median home · lower cost than 77% of the country
Hamburg
IL

Frequently Asked Questions

What are today's mortgage rates in Hamburg?

As of today, the 30-year fixed mortgage rate for Hamburg 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 Hamburg?

The median home value in Hamburg is $142k. The median monthly rent is $496. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Hamburg?

Based on a typical all-in ownership cost of $717/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamburg is $86k/year.

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What industries drive the economy in Hamburg?

The largest employment sectors in Hamburg are public administration (35%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.