Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Rutland

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

Median Home$149,400
Median Rent$1,189/month
Population251
Leading IndustriesInformation & Media · Finance & Insurance · Retail15% information & media
Home Value Growth+9.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Rutland
IL

Frequently Asked Questions

What are today's mortgage rates in Rutland?

As of today, the 30-year fixed mortgage rate for Rutland 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.

View current rates for Rutland
What is the median home price in Rutland?

The median home value in Rutland is $149k. The median monthly rent is $1,189. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rutland?

Home values in Rutland have increased 9.3% over the past two years. This represents moderate growth. 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 Rutland?

Based on a typical all-in ownership cost of $923/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rutland is $76k/year.

Calculate your buying power
What industries drive the economy in Rutland?

The largest employment sectors in Rutland are public administration (19%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.