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Pierron

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

Median Home$165,970
Median Rent$833/month
Population453
Leading IndustriesConstruction · Agriculture & Mining · Transportation12% construction
Home Value Growth-6.3% over 2 years
Young Adults23% of residents
Homeowners83% of occupied units
NotableTransit86/100 · excellent transit access
NotableAffordable Market$166k median home · lower cost than 67% of the country
Pierron
IL

Frequently Asked Questions

What are today's mortgage rates in Pierron?

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

The median home value in Pierron is $166k. The median monthly rent is $833. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pierron?

Home values in Pierron have decreased 6.3% over the past two years. Buyers may find more negotiating room in this market. 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 Pierron?

Based on a typical all-in ownership cost of $937/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 Pierron is $79k/year.

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What industries drive the economy in Pierron?

The largest employment sectors in Pierron are public administration (23%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.