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Hamilton

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

Median Home$126,200
Median Rent$935/month
Population2,835
Leading IndustriesArts, Food & Hospitality · Manufacturing · Transportation9% arts, food & hospitality
Home Value Growth-1.8% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners73% of occupied units
NotableTransit86/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Hamilton
IL

Frequently Asked Questions

What are today's mortgage rates in Hamilton?

As of today, the 30-year fixed mortgage rate for Hamilton is approximately 7.334% (7.351% 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 Hamilton?

The median home value in Hamilton is $126k. The median monthly rent is $935. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hamilton?

Home values in Hamilton have decreased 1.8% over the past two years. Buyers may find more negotiating room in this market. 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 Hamilton?

Based on a typical all-in ownership cost of $862/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hamilton is $63k/year.

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What industries drive the economy in Hamilton?

The largest employment sectors in Hamilton are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.