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Old Mill Creek

Learn about the people, housing, costs and businesses in Old Mill Creek, Illinois

Median Home$347,975
Median Rent$1,534/month
Population160
Leading IndustriesTransportation · Wholesale Trade · Arts, Food & Hospitality4% transportation
Home Value Growth⬆⬆+17.1% over 2 years
Retirees21% of residentsnear the national average
Homeowners91% of occupied units
NotableHigh Incomes$130k/year · top 7% nationally
NotableHighly Educated27% bachelor's · 14% graduate · top 14% nationally
Old Mill Creek
IL

Frequently Asked Questions

What are today's mortgage rates in Old Mill Creek?

As of today, the 30-year fixed mortgage rate for Old Mill Creek 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.

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What is the median home price in Old Mill Creek?

The median home value in Old Mill Creek is $348k. The median monthly rent is $1,534. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Old Mill Creek?

Home values in Old Mill Creek have increased 17.1% 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 Old Mill Creek?

Based on a typical all-in ownership cost of $1,909/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Old Mill Creek is $130k/year.

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What industries drive the economy in Old Mill Creek?

The largest employment sectors in Old Mill Creek are public administration (19%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.