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Lomax

Learn about the people, housing, costs and businesses in Lomax, Illinois

Median Home$100,700
Median Rent$792/month
Population378
Leading IndustriesProfessional Services · Retail · Construction3% professional services
Retirees24% of residentsslightly above average
Homeowners75% of occupied units
NotableAffordable Market$101k median home · lower cost than 92% of the country
Lomax
IL

Explore Lomax

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lomax?›

As of today, the 30-year fixed mortgage rate for Lomax 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 Lomax?›

The median home value in Lomax is $101k. The median monthly rent is $792. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Lomax?›

Based on a typical all-in ownership cost of $771/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lomax is $55k/year.

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What industries drive the economy in Lomax?›

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