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Lynn Center

Learn about the people, housing, costs and businesses in Lynn Center, Illinois

Median Home$226,400
Median Rent$847/month
Population89
Leading IndustriesProfessional Services · Retail · Manufacturing3% professional services
Home Value Growth+5.2% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableHigh Incomes$110k/year · top 12% nationally
Lynn Center
IL

Frequently Asked Questions

What are today's mortgage rates in Lynn Center?

As of today, the 30-year fixed mortgage rate for Lynn Center 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 Lynn Center?

The median home value in Lynn Center is $226k. The median monthly rent is $847. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynn Center?

Home values in Lynn Center have increased 5.2% 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 Lynn Center?

Based on a typical all-in ownership cost of $1,265/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynn Center is $110k/year.

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What industries drive the economy in Lynn Center?

The largest employment sectors in Lynn Center are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.