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Lincoln Elementary School District 27

Learn about the people, housing, costs and businesses in Lincoln Elementary School District 27, Illinois

Median Home$131,702
Median Rent$845/month
Population11,739
Leading IndustriesManufacturing · Transportation · Agriculture & Mining2% manufacturing
Home Value Growth⬆⬆+12.9% over 2 years
Retirees23% of residentsabove average nationally
Homeowners59% of occupied units
NotableAffordable Market$132k median home · lower cost than 95% of the country
NotableVeteran Community8% of residents · top 18% nationally
Lincoln Elementary School District 27
IL

Explore Lincoln Elementary School District 27

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Frequently Asked Questions

What are today's mortgage rates in Lincoln Elementary School District 27?

As of today, the 30-year fixed mortgage rate for Lincoln Elementary School District 27 is approximately 7.524% (7.545% 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 Lincoln Elementary School District 27?

The median home value in Lincoln Elementary School District 27 is $132k. The median monthly rent is $845. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lincoln Elementary School District 27?

Home values in Lincoln Elementary School District 27 have increased 12.9% 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 Lincoln Elementary School District 27?

Based on a typical all-in ownership cost of $887/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lincoln Elementary School District 27 is $60k/year.

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What industries drive the economy in Lincoln Elementary School District 27?

The largest employment sectors in Lincoln Elementary School District 27 are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.