Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Mineral

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

Median Home$94,200
Median Rent$1,044/month
Population206
Leading IndustriesInformation & Media · Finance & Insurance · Retail11% information & media
Home Value Growth⬆⬆⬆+24.3% over 2 years
Young Adults25% of residents
Homeowners83% of occupied units
Mineral
IL

Frequently Asked Questions

What are today's mortgage rates in Mineral?

As of today, the 30-year fixed mortgage rate for Mineral is approximately 6.994% (7.003% 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 Mineral
What is the median home price in Mineral?

The median home value in Mineral is $94k. The median monthly rent is $1,044. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mineral?

Home values in Mineral have increased 24.3% 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 Mineral?

Based on a typical all-in ownership cost of $894/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mineral is $69k/year.

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

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