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Polo

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

Median Home$174,400
Median Rent$905/month
Population2,402
Leading IndustriesRetail · Education · Information & Media19% retail
Home Value Growth⬆⬆+15.3% over 2 years
Retirees22% of residentsnear the national average
Homeowners72% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Polo
IL

Frequently Asked Questions

What are today's mortgage rates in Polo?

As of today, the 30-year fixed mortgage rate for Polo is approximately 7.469% (7.488% 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 Polo?

The median home value in Polo is $174k. The median monthly rent is $905. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Polo?

Home values in Polo have increased 15.3% 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 Polo?

Based on a typical all-in ownership cost of $949/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Polo is $69k/year.

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What industries drive the economy in Polo?

The largest employment sectors in Polo are public administration (21%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.