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New Burnside

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

Median Home$208,800
Median Rent$1,255/month
Population155
Leading IndustriesFinance & Insurance · Information & Media · Construction15% finance & insurance
Home Value Growth⬆⬆⬆+29.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners93% of occupied units
New Burnside
IL

Frequently Asked Questions

What are today's mortgage rates in New Burnside?

As of today, the 30-year fixed mortgage rate for New Burnside is approximately 6.944% (6.952% 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 Burnside?

The median home value in New Burnside is $209k. The median monthly rent is $1,255. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Burnside?

Home values in New Burnside have increased 29.9% 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 Burnside?

Based on a typical all-in ownership cost of $788/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 Burnside is $69k/year.

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What industries drive the economy in New Burnside?

The largest employment sectors in New Burnside are public administration (16%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.