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Pekin Community High School District 303

Learn about the people, housing, costs and businesses in Pekin Community High School District 303, Illinois

Median Home$127,958
Median Rent$946/month
Population42,398
Leading IndustriesRetail · Wholesale Trade17% retail
Home Value Growth⬆⬆+16.2% over 2 years
Family-Friendly22% of residentsnear the national average
Homeowners74% of occupied units
NotableVeteran Community8% of residents · top 19% nationally
NotableAffordable Market$128k median home · lower cost than 94% of the country
Pekin Community High School District 303
IL

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Frequently Asked Questions

What are today's mortgage rates in Pekin Community High School District 303?

As of today, the 30-year fixed mortgage rate for Pekin Community High School District 303 is approximately 7.425% (7.443% 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 Pekin Community High School District 303
What is the median home price in Pekin Community High School District 303?

The median home value in Pekin Community High School District 303 is $128k. The median monthly rent is $946. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pekin Community High School District 303?

Home values in Pekin Community High School District 303 have increased 16.2% 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 Pekin Community High School District 303?

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 Pekin Community High School District 303 is $67k/year.

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What industries drive the economy in Pekin Community High School District 303?

The largest employment sectors in Pekin Community High School District 303 are public administration (24%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.