Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Medora

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

Median Home$164,516
Median Rent$719/month
Population371
Leading IndustriesConstruction · Agriculture & Mining · Public Administration9% construction
Home Value Growth⬆⬆⬆+28.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners97% of occupied units
NotableHigh Incomes$103k/year · top 15% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Medora
IL

Frequently Asked Questions

What are today's mortgage rates in Medora?

As of today, the 30-year fixed mortgage rate for Medora is approximately 7.292% (7.307% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Medora
What is the median home price in Medora?

The median home value in Medora is $165k. The median monthly rent is $719. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medora?

Home values in Medora have increased 28.9% 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 Medora?

Based on a typical all-in ownership cost of $784/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medora is $103k/year.

Calculate your buying power
What industries drive the economy in Medora?

The largest employment sectors in Medora are public administration (27%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.