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Okaw Valley Community Unit School District 302

Learn about the people, housing, costs and businesses in Okaw Valley Community Unit School District 302, Illinois

Median Home$133,415
Median Rent$850/month
Population3,185
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration11% information & media
Home Value Growth⬆⬆⬆+35.0% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$133k median home · lower cost than 89% of the country
Okaw Valley Community Unit School District 302
IL

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Frequently Asked Questions

What are today's mortgage rates in Okaw Valley Community Unit School District 302?

As of today, the 30-year fixed mortgage rate for Okaw Valley Community Unit School District 302 is approximately 7.331% (7.348% 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 Okaw Valley Community Unit School District 302
What is the median home price in Okaw Valley Community Unit School District 302?

The median home value in Okaw Valley Community Unit School District 302 is $133k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Okaw Valley Community Unit School District 302?

Home values in Okaw Valley Community Unit School District 302 have increased 35.0% 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 Okaw Valley Community Unit School District 302?

Based on a typical all-in ownership cost of $897/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Okaw Valley Community Unit School District 302 is $74k/year.

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What industries drive the economy in Okaw Valley Community Unit School District 302?

The largest employment sectors in Okaw Valley Community Unit School District 302 are public administration (27%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.