Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

New Grand Chain

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

Median Home$79,100
Median Rent$697/month
Population150
Leading IndustriesTransportation · Information & Media · Finance & Insurance4% transportation
Retirees22% of residentsnear the national average
Homeowners70% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$79k median home · lower cost than 97% of the country
New Grand Chain
IL

Frequently Asked Questions

What are today's mortgage rates in New Grand Chain?

As of today, the 30-year fixed mortgage rate for New Grand Chain is approximately 6.994% (7.003% 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 New Grand Chain
What is the median home price in New Grand Chain?

The median home value in New Grand Chain is $79k. The median monthly rent is $697. Annual property taxes average $985. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in New Grand Chain?

Based on a typical all-in ownership cost of $621/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Grand Chain is $53k/year.

Calculate your buying power
What industries drive the economy in New Grand Chain?

The largest employment sectors in New Grand Chain are public administration (25%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.