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Mackinaw

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

Median Home$208,200
Median Rent$863/month
Population1,796
Leading IndustriesWholesale Trade · Retail14% wholesale trade
Home Value Growth+8.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableHigh Incomes$103k/year · top 15% nationally
Mackinaw
IL

Frequently Asked Questions

What are today's mortgage rates in Mackinaw?

As of today, the 30-year fixed mortgage rate for Mackinaw is approximately 6.984% (6.996% 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 Mackinaw?

The median home value in Mackinaw is $208k. The median monthly rent is $863. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mackinaw?

Home values in Mackinaw have increased 8.7% 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 Mackinaw?

Based on a typical all-in ownership cost of $1,158/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mackinaw is $103k/year.

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What industries drive the economy in Mackinaw?

The largest employment sectors in Mackinaw are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.