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High Mount School District 116

Learn about the people, housing, costs and businesses in High Mount School District 116, Illinois

Median Home$169,648
Median Rent$1,077/month
Population4,745
Leading IndustriesConstruction · Agriculture & Mining · Retail5% construction
Home Value Growth⬆⬆+16.4% over 2 years
Retirees21% of residentsslightly above average
Homeowners63% of occupied units
NotableVeteran Community8% of residents · top 18% nationally
NotableAffordable Market$170k median home · lower cost than 89% of the country
High Mount School District 116
IL

Explore High Mount School District 116

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in High Mount School District 116?

As of today, the 30-year fixed mortgage rate for High Mount School District 116 is approximately 7.057% (7.071% 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 High Mount School District 116?

The median home value in High Mount School District 116 is $170k. The median monthly rent is $1,077. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in High Mount School District 116?

Home values in High Mount School District 116 have increased 16.4% 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 High Mount School District 116?

Based on a typical all-in ownership cost of $1,044/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in High Mount School District 116 is $71k/year.

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What industries drive the economy in High Mount School District 116?

The largest employment sectors in High Mount School District 116 are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.