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Normal

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

Median Home$213,564
Median Rent$1,070/month
Population53,234
Leading IndustryPublic Administration29% of local workforce
Home Value Growth⬆⬆+16.1% over 2 years
Young Adults49% of residentstop 1% nationally
Homeowners54% of occupied units
NotableHighly Educated33% bachelor's · 12% graduate · top 5% nationally
NotableTransit79/100 · excellent transit access
Normal
IL

Frequently Asked Questions

What are today's mortgage rates in Normal?

As of today, the 30-year fixed mortgage rate for Normal is approximately 7.067% (7.077% 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 Normal?

The median home value in Normal is $214k. The median monthly rent is $1,070. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Normal?

Home values in Normal have increased 16.1% 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 Normal?

Based on a typical all-in ownership cost of $1,156/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Normal is $71k/year.

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What industries drive the economy in Normal?

The largest employment sectors in Normal are public administration (29%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.