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Pekin Public School District108

Learn about the people, housing, costs and businesses in Pekin Public School District108, Illinois

Median Home$124,386
Median Rent$883/month
Population31,207
Leading IndustriesRetail · Public Administration15% retail
Home Value Growth⬆⬆+17.2% over 2 years
Young Adults28% of residentsnear the national average
Homeowners71% of occupied units
NotableAffordable Market$124k median home · lower cost than 97% of the country
NotableVeteran Community8% of residents · top 18% nationally
Pekin Public School District108
IL

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Frequently Asked Questions

What are today's mortgage rates in Pekin Public School District108?

As of today, the 30-year fixed mortgage rate for Pekin Public School District108 is approximately 7.427% (7.445% 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 Pekin Public School District108?

The median home value in Pekin Public School District108 is $124k. The median monthly rent is $883. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pekin Public School District108?

Home values in Pekin Public School District108 have increased 17.2% 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 Public School District108?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pekin Public School District108 is $64k/year.

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What industries drive the economy in Pekin Public School District108?

The largest employment sectors in Pekin Public School District108 are public administration (25%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.