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Radom

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

Median Home$173,100
Median Rent$768/month
Population182
Leading IndustriesManufacturing · Retail · Agriculture & Mining3% manufacturing
Home Value Growth⬆⬆⬆+27.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners89% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Radom
IL

Frequently Asked Questions

What are today's mortgage rates in Radom?

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

The median home value in Radom is $173k. The median monthly rent is $768. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Radom?

Home values in Radom have increased 27.3% 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 Radom?

Based on a typical all-in ownership cost of $945/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 Radom is $84k/year.

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What industries drive the economy in Radom?

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