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Rankin Community School District 98

Learn about the people, housing, costs and businesses in Rankin Community School District 98, Illinois

Median Home$149,611
Median Rent$1,130/month
Population3,502
Leading IndustriesHealthcare · Professional Services · Public Administration13% healthcare
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults34% of residentswell above average
Homeowners79% of occupied units
NotableVeteran Community10% of residents · top 5% nationally
NotableAffordable Market$150k median home · lower cost than 92% of the country
Rankin Community School District 98
IL

Explore Rankin Community School District 98

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

Frequently Asked Questions

What are today's mortgage rates in Rankin Community School District 98?

As of today, the 30-year fixed mortgage rate for Rankin Community School District 98 is approximately 7.346% (7.363% 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 Rankin Community School District 98
What is the median home price in Rankin Community School District 98?

The median home value in Rankin Community School District 98 is $150k. The median monthly rent is $1,130. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rankin Community School District 98?

Home values in Rankin Community School District 98 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 Rankin Community School District 98?

Based on a typical all-in ownership cost of $1,051/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rankin Community School District 98 is $81k/year.

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What industries drive the economy in Rankin Community School District 98?

The largest employment sectors in Rankin Community School District 98 are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.