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Ilion

Learn about the people, housing, costs and businesses in Ilion, New York

Median Home$101,973
Median Rent$725/month
Population7,582
Leading IndustriesPublic Administration · Wholesale Trade · Transportation29% public administration
Home Value Growth⬆⬆+20.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners68% of occupied units
NotableAffordable Market$102k median home · lower cost than 91% of the country
NotableAmenity Score68/100 · highly walkable area
Ilion
NY

Frequently Asked Questions

What are today's mortgage rates in Ilion?

As of today, the 30-year fixed mortgage rate for Ilion is approximately 7.072% (7.117% 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 Ilion?

The median home value in Ilion is $102k. The median monthly rent is $725. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ilion?

Home values in Ilion have increased 20.1% 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 Ilion?

Based on a typical all-in ownership cost of $763/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ilion is $63k/year.

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What industries drive the economy in Ilion?

The largest employment sectors in Ilion are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.