Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Nilwood

Learn about the people, housing, costs and businesses in Nilwood, Illinois

Median Home$170,100
Median Rent$1,088/month
Population186
Leading IndustriesPublic Administration · Professional Services · Construction31% public administration
Home Value Growth⬆⬆+13.6% over 2 years
Retirees27% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHigh Incomes$98k/year · top 18% nationally
Nilwood
IL

Frequently Asked Questions

What are today's mortgage rates in Nilwood?

As of today, the 30-year fixed mortgage rate for Nilwood 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 Nilwood
What is the median home price in Nilwood?

The median home value in Nilwood is $170k. The median monthly rent is $1,088. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nilwood?

Home values in Nilwood have increased 13.6% 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 Nilwood?

Based on a typical all-in ownership cost of $906/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nilwood is $98k/year.

Calculate your buying power
What industries drive the economy in Nilwood?

The largest employment sectors in Nilwood are public administration (31%) and agriculture and mining (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.