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Leland Grove

Learn about the people, housing, costs and businesses in Leland Grove, Illinois

Median Home$231,622
Median Rent$1,500/month
Population1,448
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Healthcare32% public administration
Home Value Growth+8.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners83% of occupied units
NotableHighly Educated31% bachelor's · 22% graduate · top 7% nationally
NotableHigh Incomes$100k/year · top 17% nationally
Leland Grove
IL

Frequently Asked Questions

What are today's mortgage rates in Leland Grove?

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

The median home value in Leland Grove is $232k. The median monthly rent is $1,500. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Leland Grove?

Home values in Leland Grove have increased 8.2% 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 Leland Grove?

Based on a typical all-in ownership cost of $1,371/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Leland Grove is $100k/year.

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What industries drive the economy in Leland Grove?

The largest employment sectors in Leland Grove are public administration (32%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.