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Plum Valley

Learn about the people, housing, costs and businesses in Plum Valley, Illinois

Median Home$316,300
Median Rent$981/month
Population661
Leading IndustriesEducation · Public Administration13% education
Home Value Growth⬆⬆+16.6% over 2 years
Retirees22% of residentsnear the national average
Homeowners96% of occupied units
NotableHigh Incomes$100k/year · top 17% nationally
Plum Valley
IL

Frequently Asked Questions

What are today's mortgage rates in Plum Valley?

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

The median home value in Plum Valley is $316k. The median monthly rent is $981. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Plum Valley?

Home values in Plum Valley have increased 16.6% 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 Plum Valley?

Based on a typical all-in ownership cost of $2,446/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $105k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Plum Valley is $100k/year.

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What industries drive the economy in Plum Valley?

The largest employment sectors in Plum Valley are public administration (26%) and education (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.