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Meridian Community Unit School District 101

Learn about the people, housing, costs and businesses in Meridian Community Unit School District 101, Illinois

Median Home$141,758
Median Rent$836/month
Population21,856
Leading IndustriesFinance & Insurance · Information & Media · Construction10% finance & insurance
Home Value Growth⬆⬆⬆+36.0% over 2 years
Retirees28% of residentswell above average
Homeowners81% of occupied units
NotableVeteran Community11% of residents · top 5% nationally
NotableAffordable Market$142k median home · lower cost than 87% of the country
Meridian Community Unit School District 101
IL

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Frequently Asked Questions

What are today's mortgage rates in Meridian Community Unit School District 101?

As of today, the 30-year fixed mortgage rate for Meridian Community Unit School District 101 is approximately 6.985% (6.997% 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 Meridian Community Unit School District 101
What is the median home price in Meridian Community Unit School District 101?

The median home value in Meridian Community Unit School District 101 is $142k. The median monthly rent is $836. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Meridian Community Unit School District 101?

Home values in Meridian Community Unit School District 101 have increased 36.0% 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 Meridian Community Unit School District 101?

Based on a typical all-in ownership cost of $697/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Meridian Community Unit School District 101 is $55k/year.

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What industries drive the economy in Meridian Community Unit School District 101?

The largest employment sectors in Meridian Community Unit School District 101 are public administration (20%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.