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Richland School District 88A

Learn about the people, housing, costs and businesses in Richland School District 88A, Illinois

Median Home$252,134
Median Rent$1,783/month
Population12,007
Leading IndustriesFinance & Insurance · Information & Media · Retail9% finance & insurance
Home Value Growth⬆⬆⬆+30.0% over 2 years
Retirees22% of residentsabove average nationally
Homeowners75% of occupied units
Richland School District 88A
IL

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

Frequently Asked Questions

What are today's mortgage rates in Richland School District 88A?

As of today, the 30-year fixed mortgage rate for Richland School District 88A is approximately 6.998% (7.007% 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 Richland School District 88A
What is the median home price in Richland School District 88A?

The median home value in Richland School District 88A is $252k. The median monthly rent is $1,783. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richland School District 88A?

Home values in Richland School District 88A have increased 30.0% 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 Richland School District 88A?

Based on a typical all-in ownership cost of $1,490/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $64k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richland School District 88A is $87k/year.

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What industries drive the economy in Richland School District 88A?

The largest employment sectors in Richland School District 88A are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.