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Marengo-Union Elementary Consolidated District 165

Learn about the people, housing, costs and businesses in Marengo-Union Elementary Consolidated District 165, Illinois

Median Home$282,092
Median Rent$1,231/month
Population9,935
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth⬆⬆+19.4% over 2 years
Retirees21% of residentsslightly above average
Homeowners75% of occupied units
Marengo-Union Elementary Consolidated District 165
IL

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Frequently Asked Questions

What are today's mortgage rates in Marengo-Union Elementary Consolidated District 165?

As of today, the 30-year fixed mortgage rate for Marengo-Union Elementary Consolidated District 165 is approximately 6.920% (6.927% 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 Marengo-Union Elementary Consolidated District 165?

The median home value in Marengo-Union Elementary Consolidated District 165 is $282k. The median monthly rent is $1,231. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marengo-Union Elementary Consolidated District 165?

Home values in Marengo-Union Elementary Consolidated District 165 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 Marengo-Union Elementary Consolidated District 165?

Based on a typical all-in ownership cost of $1,440/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $62k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marengo-Union Elementary Consolidated District 165 is $103k/year.

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What industries drive the economy in Marengo-Union Elementary Consolidated District 165?

The largest employment sectors in Marengo-Union Elementary Consolidated District 165 are public administration (24%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.