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Hoopeston

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

Median Home$78,791
Median Rent$881/month
Population4,969
Leading IndustriesProfessional Services · Healthcare · Transportation8% professional services
Home Value Growth⬆⬆+16.2% over 2 years
Young Adults33% of residentswell above average
Homeowners69% of occupied units
Hoopeston
IL

Frequently Asked Questions

What are today's mortgage rates in Hoopeston?

As of today, the 30-year fixed mortgage rate for Hoopeston is approximately 7.625% (7.673% 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 Hoopeston?

The median home value in Hoopeston is $79k. The median monthly rent is $881. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hoopeston?

Home values in Hoopeston have increased 16.2% 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 Hoopeston?

Based on a typical all-in ownership cost of $869/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 Hoopeston is $61k/year.

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What industries drive the economy in Hoopeston?

The largest employment sectors in Hoopeston are healthcare (14%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.