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Saunemin

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

Median Home$138,100
Median Rent$733/month
Population395
Leading IndustriesConstruction · Agriculture & Mining · Transportation12% construction
Home Value Growth⬆⬆+11.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners88% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$138k median home · lower cost than 78% of the country
Saunemin
IL

Frequently Asked Questions

What are today's mortgage rates in Saunemin?

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

The median home value in Saunemin is $138k. The median monthly rent is $733. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Saunemin?

Home values in Saunemin have increased 11.2% 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 Saunemin?

Based on a typical all-in ownership cost of $870/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Saunemin is $83k/year.

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What industries drive the economy in Saunemin?

The largest employment sectors in Saunemin are public administration (24%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.