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Kenwood

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

Median Home$474,929
Median Rent$1,265/month
Population18,417
Leading IndustriesPublic Administration · Professional Services · Arts, Food & Hospitality37% public administration
Home Value Growth+7.3% over 2 years
Young Adults31% of residentsnear the national average
Renters63% of occupied units
NotableVeteran Community5% of residents · top 14% nationally
Kenwood
IL

Frequently Asked Questions

What are today's mortgage rates in Kenwood?

As of today, the 30-year fixed mortgage rate for Kenwood is approximately 6.902% (6.949% 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 Kenwood?

The median home value in Kenwood is $475k. The median monthly rent is $1,265. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kenwood?

Home values in Kenwood have increased 7.3% 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 Kenwood?

Based on a typical all-in ownership cost of $1,566/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $67k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kenwood is $76k/year.

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What industries drive the economy in Kenwood?

The largest employment sectors in Kenwood are public administration (37%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas