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Marcum-Illinois Union

Learn about the people, housing, costs and businesses in Marcum-Illinois Union, California

Median Home$590,800
Median Rent$1,531/month
Population799
Leading IndustriesProfessional Services · Wholesale Trade · Construction4% professional services
Home Value Growth⬆⬆+15.4% over 2 years
Family-Friendly28% of residentstop 2% nationally
Homeowners72% of occupied units
Marcum-Illinois Union
CA

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Frequently Asked Questions

What are today's mortgage rates in Marcum-Illinois Union?

As of today, the 30-year fixed mortgage rate for Marcum-Illinois Union is approximately 6.823% (6.856% 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 Marcum-Illinois Union?

The median home value in Marcum-Illinois Union is $591k. The median monthly rent is $1,531. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marcum-Illinois Union?

Home values in Marcum-Illinois Union have increased 15.4% 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 Marcum-Illinois Union?

Based on a typical all-in ownership cost of $1,629/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marcum-Illinois Union is $103k/year.

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What industries drive the economy in Marcum-Illinois Union?

The largest employment sectors in Marcum-Illinois Union are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.