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Paris

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

Median Home$86,711
Median Rent$832/month
Population8,054
Leading IndustryRetail23% of local workforce
Home Value Growth+10.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners66% of occupied units
NotableAmenity Score74/100 · highly walkable area
NotableAffordable Market$87k median home · lower cost than 96% of the country
Paris
IL

Frequently Asked Questions

What are today's mortgage rates in Paris?

As of today, the 30-year fixed mortgage rate for Paris is approximately 7.625% (7.652% 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 Paris?

The median home value in Paris is $87k. The median monthly rent is $832. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Paris?

Home values in Paris have increased 10.4% 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 Paris?

Based on a typical all-in ownership cost of $689/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Paris is $55k/year.

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What industries drive the economy in Paris?

The largest employment sectors in Paris are retail (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.