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Lynnville

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

Median Home$180,000
Median Rent$1,036/month
Population82
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining13% wholesale trade
Home Value Growth⬆⬆+17.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners94% of occupied units
NotableTransit79/100 · excellent transit access
Lynnville
IL

Frequently Asked Questions

What are today's mortgage rates in Lynnville?

As of today, the 30-year fixed mortgage rate for Lynnville is approximately 7.003% (7.015% 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 Lynnville?

The median home value in Lynnville is $180k. The median monthly rent is $1,036. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lynnville?

Home values in Lynnville have increased 17.2% 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 Lynnville?

Based on a typical all-in ownership cost of $941/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lynnville is $82k/year.

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What industries drive the economy in Lynnville?

The largest employment sectors in Lynnville are wholesale trade (13%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.