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Millburn Community Consolidated School District 24

Learn about the people, housing, costs and businesses in Millburn Community Consolidated School District 24, Illinois

Median Home$299,323
Median Rent$1,619/month
Population11,200
Leading IndustriesTransportation · Manufacturing · Information & Media3% transportation
Home Value Growth⬆⬆+17.9% over 2 years
Retirees24% of residentsabove average nationally
Homeowners86% of occupied units
NotableVeteran Community9% of residents · top 9% nationally
NotableHigh Incomes$125k/year · top 17% nationally
Millburn Community Consolidated School District 24
IL

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Frequently Asked Questions

What are today's mortgage rates in Millburn Community Consolidated School District 24?

As of today, the 30-year fixed mortgage rate for Millburn Community Consolidated School District 24 is approximately 6.944% (6.952% 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 Millburn Community Consolidated School District 24
What is the median home price in Millburn Community Consolidated School District 24?

The median home value in Millburn Community Consolidated School District 24 is $299k. The median monthly rent is $1,619. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Millburn Community Consolidated School District 24?

Home values in Millburn Community Consolidated School District 24 have increased 17.9% 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 Millburn Community Consolidated School District 24?

Based on a typical all-in ownership cost of $1,801/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Millburn Community Consolidated School District 24 is $125k/year.

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What industries drive the economy in Millburn Community Consolidated School District 24?

The largest employment sectors in Millburn Community Consolidated School District 24 are public administration (22%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.