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Oak Grove School District 68

Learn about the people, housing, costs and businesses in Oak Grove School District 68, Illinois

Median Home$562,854
Median Rent$1,681/month
Population7,298
Leading IndustriesConstruction · Agriculture & Mining · Education4% construction
Home Value Growth⬆⬆+19.4% over 2 years
Retirees22% of residentsabove average nationally
Homeowners68% of occupied units
NotableVeteran Community9% of residents · top 9% nationally
NotableHigh Incomes$145k/year · top 10% nationally
Oak Grove School District 68
IL

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Oak Grove School District 68?

As of today, the 30-year fixed mortgage rate for Oak Grove School District 68 is approximately 6.861% (6.866% 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 Oak Grove School District 68?

The median home value in Oak Grove School District 68 is $563k. The median monthly rent is $1,681. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oak Grove School District 68?

Home values in Oak Grove School District 68 have increased 19.4% 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 Oak Grove School District 68?

Based on a typical all-in ownership cost of $2,396/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $103k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oak Grove School District 68 is $145k/year.

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What industries drive the economy in Oak Grove School District 68?

The largest employment sectors in Oak Grove School District 68 are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.