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Mount Greenwood

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

Median Home$315,525
Median Rent$1,612/month
Population19,059
Leading IndustryWholesale Trade8% of local workforce
Home Value Growth+9.2% over 2 years
Family-Friendly26% of residentswell above average
Homeowners85% of occupied units
NotableVeteran Community5% of residents · top 14% nationally
NotableHigh Incomes$111k/year · top 16% nationally
Mount Greenwood
IL

Frequently Asked Questions

What are today's mortgage rates in Mount Greenwood?

As of today, the 30-year fixed mortgage rate for Mount Greenwood is approximately 6.929% (6.977% 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 Mount Greenwood?

The median home value in Mount Greenwood is $316k. The median monthly rent is $1,612. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Greenwood?

Home values in Mount Greenwood have increased 9.2% 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 Mount Greenwood?

Based on a typical all-in ownership cost of $1,746/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Greenwood is $111k/year.

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What industries drive the economy in Mount Greenwood?

The largest employment sectors in Mount Greenwood are public administration (28%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas