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Indianola

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

Median Home$107,800
Median Rent$738/month
Population203
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance20% construction
Home Value Growth⬆⬆⬆+23.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
NotableAffordable Market$108k median home · lower cost than 89% of the country
Indianola
IL

Frequently Asked Questions

What are today's mortgage rates in Indianola?

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

The median home value in Indianola is $108k. The median monthly rent is $738. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Indianola?

Home values in Indianola have increased 23.4% 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 Indianola?

Based on a typical all-in ownership cost of $746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Indianola is $68k/year.

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What industries drive the economy in Indianola?

The largest employment sectors in Indianola are public administration (27%) and agriculture and mining (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.