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Kewanee

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

Median Home$80,375
Median Rent$870/month
Population12,341
Leading IndustriesPublic Administration · Professional Services27% public administration
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners70% of occupied units
NotableTransit89/100 · excellent transit access
NotableAmenity Score75/100 · highly walkable area
Kewanee
IL

Frequently Asked Questions

What are today's mortgage rates in Kewanee?

As of today, the 30-year fixed mortgage rate for Kewanee is approximately 6.972% (6.980% 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 Kewanee?

The median home value in Kewanee is $80k. The median monthly rent is $870. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Kewanee?

Home values in Kewanee have increased 15.4% 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 Kewanee?

Based on a typical all-in ownership cost of $705/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Kewanee is $52k/year.

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What industries drive the economy in Kewanee?

The largest employment sectors in Kewanee are public administration (27%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.