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Raymond

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

Median Home$120,000
Median Rent$783/month
Population961
Leading IndustriesFinance & Insurance · Information & Media · Agriculture & Mining11% finance & insurance
Home Value Growth⬆⬆⬆+27.6% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners80% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$120k median home · lower cost than 84% of the country
Raymond
IL

Frequently Asked Questions

What are today's mortgage rates in Raymond?

As of today, the 30-year fixed mortgage rate for Raymond is approximately 7.374% (7.392% 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 Raymond?

The median home value in Raymond is $120k. The median monthly rent is $783. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Raymond?

Home values in Raymond have increased 27.6% 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 Raymond?

Based on a typical all-in ownership cost of $902/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Raymond is $84k/year.

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What industries drive the economy in Raymond?

The largest employment sectors in Raymond are public administration (19%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.