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Illiopolis

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

Median Home$157,900
Median Rent$758/month
Population885
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing7% construction
Home Value Growth⬆⬆+15.7% over 2 years
Retirees22% of residentsnear the national average
Homeowners87% of occupied units
NotableAffordable Market$158k median home · lower cost than 71% of the country
Illiopolis
IL

Frequently Asked Questions

What are today's mortgage rates in Illiopolis?

As of today, the 30-year fixed mortgage rate for Illiopolis is approximately 7.284% (7.299% 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 Illiopolis?

The median home value in Illiopolis is $158k. The median monthly rent is $758. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Illiopolis?

Home values in Illiopolis 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 Illiopolis?

Based on a typical all-in ownership cost of $894/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Illiopolis is $77k/year.

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What industries drive the economy in Illiopolis?

The largest employment sectors in Illiopolis are public administration (19%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.