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Mound Station

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

Median Home$161,000
Median Rent$828/month
Population114
Leading IndustriesTransportation · Retail · Construction4% transportation
Home Value Growth+6.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners88% of occupied units
NotableAffordable Market$161k median home · lower cost than 69% of the country
Mound Station
IL

Frequently Asked Questions

What are today's mortgage rates in Mound Station?

As of today, the 30-year fixed mortgage rate for Mound Station is approximately 6.992% (7.004% 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 Station?

The median home value in Mound Station is $161k. The median monthly rent is $828. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mound Station?

Home values in Mound Station have increased 6.5% 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 Mound Station?

Based on a typical all-in ownership cost of $797/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mound Station is $76k/year.

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What industries drive the economy in Mound Station?

The largest employment sectors in Mound Station are public administration (21%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.