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Prairietown

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

Median Home$265,500
Median Rent$850/month
Population149
Leading IndustriesHealthcare · Public Administration · Information & Media13% healthcare
Home Value Growth⬆⬆⬆+32.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners93% of occupied units
NotableHigh Incomes$105k/year · top 14% nationally
Prairietown
IL

Frequently Asked Questions

What are today's mortgage rates in Prairietown?

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

The median home value in Prairietown is $266k. The median monthly rent is $850. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prairietown?

Home values in Prairietown have increased 32.7% 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 Prairietown?

Based on a typical all-in ownership cost of $1,378/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $59k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prairietown is $105k/year.

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What industries drive the economy in Prairietown?

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