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Mendota

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

Median Home$140,345
Median Rent$798/month
Population7,071
Leading IndustriesRetail · Professional Services · Finance & Insurance22% retail
Home Value Growth+7.1% over 2 years
Young Adults27% of residentsnear the national average
Homeowners65% of occupied units
NotableTransit91/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Mendota
IL

Frequently Asked Questions

What are today's mortgage rates in Mendota?

As of today, the 30-year fixed mortgage rate for Mendota is approximately 7.460% (7.479% 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 Mendota?

The median home value in Mendota is $140k. The median monthly rent is $798. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mendota?

Home values in Mendota have increased 7.1% 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 Mendota?

Based on a typical all-in ownership cost of $835/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mendota is $56k/year.

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What industries drive the economy in Mendota?

The largest employment sectors in Mendota are retail (22%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.