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McLean County Unit School District 5

Learn about the people, housing, costs and businesses in McLean County Unit School District 5, Illinois

Median Home$238,355
Median Rent$1,062/month
Population117,151
Leading IndustryPublic Administration26% of local workforce
Home Value Growth⬆⬆+17.4% over 2 years
Young Adults35% of residentstop 4% nationally
Homeowners67% of occupied units
NotableHighly Educated28% bachelor's · 12% graduate · top 7% nationally
McLean County Unit School District 5
IL

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Frequently Asked Questions

What are today's mortgage rates in McLean County Unit School District 5?

As of today, the 30-year fixed mortgage rate for McLean County Unit School District 5 is approximately 6.984% (6.993% 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 McLean County Unit School District 5?

The median home value in McLean County Unit School District 5 is $238k. The median monthly rent is $1,062. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McLean County Unit School District 5?

Home values in McLean County Unit School District 5 have increased 17.4% 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 McLean County Unit School District 5?

Based on a typical all-in ownership cost of $1,218/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McLean County Unit School District 5 is $85k/year.

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What industries drive the economy in McLean County Unit School District 5?

The largest employment sectors in McLean County Unit School District 5 are public administration (26%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.