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Queen Bee School District 16

Learn about the people, housing, costs and businesses in Queen Bee School District 16, Illinois

Median Home$272,156
Median Rent$1,758/month
Population18,177
Leading IndustriesRetail · Transportation · Finance & Insurance19% retail
Home Value Growth⬆⬆+15.5% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners76% of occupied units
Queen Bee School District 16
IL

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Queen Bee School District 16?

As of today, the 30-year fixed mortgage rate for Queen Bee School District 16 is approximately 6.983% (6.992% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Queen Bee School District 16
What is the median home price in Queen Bee School District 16?

The median home value in Queen Bee School District 16 is $272k. The median monthly rent is $1,758. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Queen Bee School District 16?

Home values in Queen Bee School District 16 have increased 15.5% 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 Queen Bee School District 16?

Based on a typical all-in ownership cost of $1,623/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Queen Bee School District 16 is $98k/year.

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What industries drive the economy in Queen Bee School District 16?

The largest employment sectors in Queen Bee School District 16 are retail (19%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.