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Mount Erie

Learn about the people, housing, costs and businesses in Mount Erie, Illinois

Median Home$123,800
Median Rent$802/month
Population98
Leading IndustriesInformation & Media · Agriculture & Mining · Construction11% information & media
Home Value Growth⬆⬆+16.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners90% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$124k median home · lower cost than 83% of the country
Mount Erie
IL

Frequently Asked Questions

What are today's mortgage rates in Mount Erie?

As of today, the 30-year fixed mortgage rate for Mount Erie is approximately 7.118% (7.133% 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 Mount Erie
What is the median home price in Mount Erie?

The median home value in Mount Erie is $124k. The median monthly rent is $802. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Erie?

Home values in Mount Erie have increased 16.2% 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 Mount Erie?

Based on a typical all-in ownership cost of $778/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Erie is $64k/year.

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What industries drive the economy in Mount Erie?

The largest employment sectors in Mount Erie are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.