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Ritchie

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

Median Home$246,700
Median Rent$1,328/month
Population163
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media24% wholesale trade
Home Value Growth+1.5% over 2 years
Family-Friendly22% of residents
Homeowners83% of occupied units
Ritchie
IL

Frequently Asked Questions

What are today's mortgage rates in Ritchie?

As of today, the 30-year fixed mortgage rate for Ritchie 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 Ritchie?

The median home value in Ritchie is $247k. The median monthly rent is $1,328. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ritchie?

Home values in Ritchie have increased 1.5% over the past two years. The market has been relatively stable. 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 Ritchie?

Based on a typical all-in ownership cost of $1,359/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ritchie is $78k/year.

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What industries drive the economy in Ritchie?

The largest employment sectors in Ritchie are wholesale trade (24%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.