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Hutsonville

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

Median Home$117,200
Median Rent$785/month
Population445
Leading IndustriesManufacturing · Agriculture & Mining · Retail3% manufacturing
Home Value Growth⬆⬆+15.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners88% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$117k median home · lower cost than 86% of the country
Hutsonville
IL

Frequently Asked Questions

What are today's mortgage rates in Hutsonville?

As of today, the 30-year fixed mortgage rate for Hutsonville is approximately 7.480% (7.500% 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 Hutsonville?

The median home value in Hutsonville is $117k. The median monthly rent is $785. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hutsonville?

Home values in Hutsonville have increased 15.7% 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 Hutsonville?

Based on a typical all-in ownership cost of $833/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hutsonville is $81k/year.

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What industries drive the economy in Hutsonville?

The largest employment sectors in Hutsonville are public administration (24%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.