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Leaf River

Learn about the people, housing, costs and businesses in Leaf River, Illinois

Median Home$253,800
Median Rent$1,281/month
Population415
Leading IndustriesInformation & Media · Professional Services · Retail14% information & media
Home Value Growth+10.1% over 2 years
Young Adults22% of residents
Homeowners93% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Leaf River
IL

Frequently Asked Questions

What are today's mortgage rates in Leaf River?

As of today, the 30-year fixed mortgage rate for Leaf River is approximately 6.989% (6.998% 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 Leaf River?

The median home value in Leaf River is $254k. The median monthly rent is $1,281. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leaf River?

Home values in Leaf River have increased 10.1% 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 Leaf River?

Based on a typical all-in ownership cost of $1,172/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leaf River is $97k/year.

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What industries drive the economy in Leaf River?

The largest employment sectors in Leaf River are public administration (20%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.