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McCook

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

Median Home$180,600
Median Rent$1,121/month
Population258
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media16% wholesale trade
Home Value Growth-10.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners79% of occupied units
McCook
IL

Frequently Asked Questions

What are today's mortgage rates in McCook?

As of today, the 30-year fixed mortgage rate for McCook is approximately 6.859% (6.864% 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 McCook?

The median home value in McCook is $181k. The median monthly rent is $1,121. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McCook?

Home values in McCook have decreased 10.2% over the past two years. Buyers may find more negotiating room in this market. 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 McCook?

Based on a typical all-in ownership cost of $1,171/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 McCook is $78k/year.

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What industries drive the economy in McCook?

The largest employment sectors in McCook are wholesale trade (16%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.