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Pingree Grove

Learn about the people, housing, costs and businesses in Pingree Grove, Illinois

Median Home$337,758
Median Rent$1,706/month
Population10,405
Leading IndustriesTransportation · Arts, Food & Hospitality · Finance & Insurance9% transportation
Home Value Growth⬆⬆+14.3% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners97% of occupied units
NotableHighly Educated34% hold a bachelor's degree · top 4% nationally
NotableHigh Incomes$140k/year · top 5% nationally
Pingree Grove
IL

Frequently Asked Questions

What are today's mortgage rates in Pingree Grove?

As of today, the 30-year fixed mortgage rate for Pingree Grove is approximately 6.961% (6.969% 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 Pingree Grove?

The median home value in Pingree Grove is $338k. The median monthly rent is $1,706. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pingree Grove?

Home values in Pingree Grove have increased 14.3% 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 Pingree Grove?

Based on a typical all-in ownership cost of $2,225/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pingree Grove is $140k/year.

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What industries drive the economy in Pingree Grove?

The largest employment sectors in Pingree Grove are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.