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Onarga

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

Median Home$116,700
Median Rent$758/month
Population1,304
Leading IndustriesRetail · Public Administration · Construction19% retail
Home Value Growth⬆⬆+14.4% over 2 years
Young Adults25% of residents
Homeowners85% of occupied units
NotableTransit95/100 · excellent transit access
NotableAmenity Score73/100 · highly walkable area
Onarga
IL

Frequently Asked Questions

What are today's mortgage rates in Onarga?

As of today, the 30-year fixed mortgage rate for Onarga 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 Onarga?

The median home value in Onarga is $117k. The median monthly rent is $758. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Onarga?

Home values in Onarga have increased 14.4% 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 Onarga?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Onarga is $74k/year.

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What industries drive the economy in Onarga?

The largest employment sectors in Onarga are public administration (29%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.