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Harvard

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

Median Home$198,847
Median Rent$1,228/month
Population9,302
Leading IndustriesRetail · Transportation · Manufacturing29% retail
Home Value Growth⬆⬆⬆+21.7% over 2 years
Family-Friendly29% of residentswell above average
Homeowners68% of occupied units
NotableTransit89/100 · excellent transit access
Harvard
IL

Frequently Asked Questions

What are today's mortgage rates in Harvard?

As of today, the 30-year fixed mortgage rate for Harvard is approximately 6.990% (6.999% 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 Harvard?

The median home value in Harvard is $199k. The median monthly rent is $1,228. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Harvard?

Home values in Harvard have increased 21.7% 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 Harvard?

Based on a typical all-in ownership cost of $1,235/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Harvard is $73k/year.

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What industries drive the economy in Harvard?

The largest employment sectors in Harvard are retail (29%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.