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Lockport Heights

Learn about the people, housing, costs and businesses in Lockport Heights, Illinois

Median Home$401,821
Median Rent$1,928/month
Population702
Leading IndustriesFinance & Insurance · Information & Media · Public Administration7% finance & insurance
Home Value Growth+7.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$128k/year · top 7% nationally
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
Lockport Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Lockport Heights?

As of today, the 30-year fixed mortgage rate for Lockport Heights 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 Lockport Heights?

The median home value in Lockport Heights is $402k. The median monthly rent is $1,928. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lockport Heights?

Home values in Lockport Heights have increased 7.8% 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 Lockport Heights?

Based on a typical all-in ownership cost of $1,848/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lockport Heights is $128k/year.

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What industries drive the economy in Lockport Heights?

The largest employment sectors in Lockport Heights are public administration (26%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.