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Marquette Heights

Learn about the people, housing, costs and businesses in Marquette Heights, Illinois

Median Home$130,700
Median Rent$1,262/month
Population2,577
Leading IndustriesPublic Administration · Retail31% public administration
Home Value Growth+6.0% over 2 years
Young Adults27% of residentsnear the national average
Homeowners92% of occupied units
Marquette Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Marquette Heights?

As of today, the 30-year fixed mortgage rate for Marquette Heights is approximately 7.508% (7.529% 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 Marquette Heights?

The median home value in Marquette Heights is $131k. The median monthly rent is $1,262. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Marquette Heights?

Home values in Marquette Heights have increased 6.0% 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 Marquette Heights?

Based on a typical all-in ownership cost of $1,051/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Marquette Heights is $72k/year.

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What industries drive the economy in Marquette Heights?

The largest employment sectors in Marquette Heights are public administration (31%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.