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Posen

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

Median Home$162,800
Median Rent$1,247/month
Population5,752
Leading IndustriesFinance & Insurance · Information & Media · Professional Services14% finance & insurance
Home Value Growth⬆⬆⬆+24.4% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners66% of occupied units
Posen
IL

Frequently Asked Questions

What are today's mortgage rates in Posen?

As of today, the 30-year fixed mortgage rate for Posen is approximately 7.023% (7.036% 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 Posen?

The median home value in Posen is $163k. The median monthly rent is $1,247. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Posen?

Home values in Posen have increased 24.4% 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 Posen?

Based on a typical all-in ownership cost of $1,285/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Posen is $72k/year.

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What industries drive the economy in Posen?

The largest employment sectors in Posen are retail (15%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.