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Reed Custer Community Unit School District 255U

Learn about the people, housing, costs and businesses in Reed Custer Community Unit School District 255U, Illinois

Median Home$226,525
Median Rent$1,063/month
Population9,464
Leading IndustriesInformation & Media · Finance & Insurance · Wholesale Trade16% information & media
Home Value Growth⬆⬆+20.7% over 2 years
Young Adults27% of residentsnear the national average
Homeowners87% of occupied units
NotableHigh Incomes$99k/year · top 15% nationally
Reed Custer Community Unit School District 255U
IL

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Frequently Asked Questions

What are today's mortgage rates in Reed Custer Community Unit School District 255U?

As of today, the 30-year fixed mortgage rate for Reed Custer Community Unit School District 255U is approximately 7.064% (7.074% 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 Reed Custer Community Unit School District 255U
What is the median home price in Reed Custer Community Unit School District 255U?

The median home value in Reed Custer Community Unit School District 255U is $227k. The median monthly rent is $1,063. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reed Custer Community Unit School District 255U?

Home values in Reed Custer Community Unit School District 255U have increased 20.7% 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 Reed Custer Community Unit School District 255U?

Based on a typical all-in ownership cost of $1,125/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reed Custer Community Unit School District 255U is $99k/year.

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What industries drive the economy in Reed Custer Community Unit School District 255U?

The largest employment sectors in Reed Custer Community Unit School District 255U are information and media (16%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.