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Loves Park

Learn about the people, housing, costs and businesses in Loves Park, Illinois

Median Home$162,743
Median Rent$1,083/month
Population23,620
Leading IndustriesRetail · Finance & Insurance · Information & Media21% retail
Home Value Growth⬆⬆+19.4% over 2 years
Young Adults33% of residentswell above average
Homeowners61% of occupied units
NotableAmenity Score76/100 · highly walkable area
Loves Park
IL

Frequently Asked Questions

What are today's mortgage rates in Loves Park?

As of today, the 30-year fixed mortgage rate for Loves Park is approximately 6.959% (6.970% 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 Loves Park?

The median home value in Loves Park is $163k. The median monthly rent is $1,083. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loves Park?

Home values in Loves Park have increased 19.4% 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 Loves Park?

Based on a typical all-in ownership cost of $1,112/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loves Park is $73k/year.

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What industries drive the economy in Loves Park?

The largest employment sectors in Loves Park are public administration (22%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.