Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Raritan

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

Median Home$100,700
Median Rent$792/month
Population96
Leading IndustriesRetail · Manufacturing31% retail
Young Adults28% of residentsnear the national average
Homeowners75% of occupied units
NotableAffordable Market$101k median home · lower cost than 92% of the country
Raritan
IL

Frequently Asked Questions

What are today's mortgage rates in Raritan?

As of today, the 30-year fixed mortgage rate for Raritan is approximately 7.097% (7.111% 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 Raritan
What is the median home price in Raritan?

The median home value in Raritan is $101k. The median monthly rent is $792. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Raritan?

Based on a typical all-in ownership cost of $771/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raritan is $55k/year.

Calculate your buying power
What industries drive the economy in Raritan?

The largest employment sectors in Raritan are retail (31%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.