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Ringwood

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

Median Home$329,484
Median Rent$1,353/month
Population970
Leading IndustriesWholesale Trade · Professional Services · Retail10% wholesale trade
Home Value Growth⬆⬆⬆+25.9% over 2 years
Family-Friendly22% of residents
Homeowners93% of occupied units
NotableHigh Incomes$105k/year · top 14% nationally
NotableAmenity Score70/100 · highly walkable area
Ringwood
IL

Frequently Asked Questions

What are today's mortgage rates in Ringwood?

As of today, the 30-year fixed mortgage rate for Ringwood is approximately 6.994% (7.003% 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 Ringwood?

The median home value in Ringwood is $329k. The median monthly rent is $1,353. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ringwood?

Home values in Ringwood have increased 25.9% 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 Ringwood?

Based on a typical all-in ownership cost of $1,707/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ringwood is $105k/year.

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What industries drive the economy in Ringwood?

The largest employment sectors in Ringwood are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.