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New Boston

Learn about the people, housing, costs and businesses in New Boston, Illinois

Median Home$109,800
Median Rent$632/month
Population580
Leading IndustriesHealthcare · Finance & Insurance · Information & Media16% healthcare
Home Value Growth+10.6% over 2 years
Young Adults35% of residentswell above average
Homeowners83% of occupied units
NotableAffordable Market$110k median home · lower cost than 88% of the country
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
New Boston
IL

Frequently Asked Questions

What are today's mortgage rates in New Boston?

As of today, the 30-year fixed mortgage rate for New Boston is approximately 6.973% (6.981% 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 New Boston?

The median home value in New Boston is $110k. The median monthly rent is $632. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Boston?

Home values in New Boston have increased 10.6% 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 New Boston?

Based on a typical all-in ownership cost of $794/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 New Boston is $64k/year.

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What industries drive the economy in New Boston?

The largest employment sectors in New Boston are healthcare (16%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.