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Moro

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

Median Home$238,643
Median Rent$1,542/month
Population357
Leading IndustriesFinance & Insurance · Transportation · Information & Media8% finance & insurance
Home Value Growth+5.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHigh Incomes$100k/year · top 17% nationally
Moro
IL

Frequently Asked Questions

What are today's mortgage rates in Moro?

As of today, the 30-year fixed mortgage rate for Moro is approximately 6.924% (6.931% 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 Moro?

The median home value in Moro is $239k. The median monthly rent is $1,542. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Moro?

Home values in Moro have increased 5.3% 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 Moro?

Based on a typical all-in ownership cost of $1,433/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Moro is $100k/year.

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What industries drive the economy in Moro?

The largest employment sectors in Moro are public administration (21%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.