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Palestine Community Unit School District 3

Learn about the people, housing, costs and businesses in Palestine Community Unit School District 3, Illinois

Median Home$156,727
Median Rent$953/month
Population110,775
Leading IndustryRetail18% of local workforce
Home Value Growth⬆⬆+15.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners68% of occupied units
Palestine Community Unit School District 3
IL

Explore Palestine Community Unit School District 3

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

Frequently Asked Questions

What are today's mortgage rates in Palestine Community Unit School District 3?

As of today, the 30-year fixed mortgage rate for Palestine Community Unit School District 3 is approximately 7.046% (7.059% 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 Palestine Community Unit School District 3?

The median home value in Palestine Community Unit School District 3 is $157k. The median monthly rent is $953. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palestine Community Unit School District 3?

Home values in Palestine Community Unit School District 3 have increased 15.9% 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 Palestine Community Unit School District 3?

Based on a typical all-in ownership cost of $935/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palestine Community Unit School District 3 is $61k/year.

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What industries drive the economy in Palestine Community Unit School District 3?

The largest employment sectors in Palestine Community Unit School District 3 are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.