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Mound

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

Median Home$79,100
Median Rent$697/month
Population525
Leading IndustriesTransportation · Information & Media · Finance & Insurance4% transportation
Retirees22% of residentsnear the national average
Homeowners70% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$79k median home · lower cost than 97% of the country
Mound City
IL

Frequently Asked Questions

What are today's mortgage rates in Mound?

As of today, the 30-year fixed mortgage rate for Mound is approximately 7.625% (8.396% 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 Mound?

The median home value in Mound is $79k. The median monthly rent is $697. Annual property taxes average $985. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Mound?

Based on a typical all-in ownership cost of $621/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mound is $53k/year.

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What industries drive the economy in Mound?

The largest employment sectors in Mound are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.