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Hoyleton

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

Median Home$121,400
Median Rent$850/month
Population555
Leading IndustriesAgriculture & Mining · Wholesale Trade · Construction12% agriculture & mining
Home Value Growth+7.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
Hoyleton
IL

Frequently Asked Questions

What are today's mortgage rates in Hoyleton?

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

The median home value in Hoyleton is $121k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hoyleton?

Home values in Hoyleton have increased 7.8% over the past two years. This represents moderate growth. 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 Hoyleton?

Based on a typical all-in ownership cost of $866/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 Hoyleton is $80k/year.

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What industries drive the economy in Hoyleton?

The largest employment sectors in Hoyleton are public administration (21%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.