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Lick Creek Community Consolidated School District 16

Learn about the people, housing, costs and businesses in Lick Creek Community Consolidated School District 16, Illinois

Median Home$136,700
Median Rent$738/month
Population1,298
Leading IndustriesPublic Administration · Finance & Insurance · Professional Services26% public administration
Home Value Growth-9.8% over 2 years
Retirees20% of residentsnear the national average
Homeowners82% of occupied units
NotableAffordable Market$137k median home · lower cost than 95% of the country
Lick Creek Community Consolidated School District 16
IL

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Frequently Asked Questions

What are today's mortgage rates in Lick Creek Community Consolidated School District 16?

As of today, the 30-year fixed mortgage rate for Lick Creek Community Consolidated School District 16 is approximately 7.079% (7.090% 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 Lick Creek Community Consolidated School District 16?

The median home value in Lick Creek Community Consolidated School District 16 is $137k. 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 Lick Creek Community Consolidated School District 16?

Home values in Lick Creek Community Consolidated School District 16 have decreased 9.8% over the past two years. Buyers may find more negotiating room in this market. 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 Lick Creek Community Consolidated School District 16?

Based on a typical all-in ownership cost of $753/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 Lick Creek Community Consolidated School District 16 is $57k/year.

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What industries drive the economy in Lick Creek Community Consolidated School District 16?

The largest employment sectors in Lick Creek Community Consolidated School District 16 are public administration (26%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.