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Richmond-Burton Community High School District 157

Learn about the people, housing, costs and businesses in Richmond-Burton Community High School District 157, Illinois

Median Home$367,364
Median Rent$1,211/month
Population11,735
Leading IndustriesPublic Administration · Finance & Insurance28% public administration
Home Value Growth⬆⬆+13.0% over 2 years
Young Adults35% of residentstop 5% nationally
Homeowners83% of occupied units
NotableHigh Incomes$110k/year · top 25% nationally
Richmond-Burton Community High School District 157
IL

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Frequently Asked Questions

What are today's mortgage rates in Richmond-Burton Community High School District 157?

As of today, the 30-year fixed mortgage rate for Richmond-Burton Community High School District 157 is approximately 6.931% (6.938% 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 Richmond-Burton Community High School District 157?

The median home value in Richmond-Burton Community High School District 157 is $367k. The median monthly rent is $1,211. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richmond-Burton Community High School District 157?

Home values in Richmond-Burton Community High School District 157 have increased 13.0% 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 Richmond-Burton Community High School District 157?

Based on a typical all-in ownership cost of $1,913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $82k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Richmond-Burton Community High School District 157 is $110k/year.

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What industries drive the economy in Richmond-Burton Community High School District 157?

The largest employment sectors in Richmond-Burton Community High School District 157 are public administration (28%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.