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Sherrard Community Unit School District 200

Learn about the people, housing, costs and businesses in Sherrard Community Unit School District 200, Illinois

Median Home$159,050
Median Rent$787/month
Population11,502
Leading IndustriesArts, Food & Hospitality · Wholesale Trade · Education8% arts, food & hospitality
Home Value Growth⬆⬆⬆+21.6% over 2 years
Retirees26% of residentswell above average
Homeowners89% of occupied units
NotableAffordable Market$159k median home · lower cost than 80% of the country
NotableHighly Educated23% hold a bachelor's degree · top 20% nationally
Sherrard Community Unit School District 200
IL

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Frequently Asked Questions

What are today's mortgage rates in Sherrard Community Unit School District 200?

As of today, the 30-year fixed mortgage rate for Sherrard Community Unit School District 200 is approximately 7.023% (7.036% 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 Sherrard Community Unit School District 200
What is the median home price in Sherrard Community Unit School District 200?

The median home value in Sherrard Community Unit School District 200 is $159k. The median monthly rent is $787. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sherrard Community Unit School District 200?

Home values in Sherrard Community Unit School District 200 have increased 21.6% 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 Sherrard Community Unit School District 200?

Based on a typical all-in ownership cost of $962/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sherrard Community Unit School District 200 is $82k/year.

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What industries drive the economy in Sherrard Community Unit School District 200?

The largest employment sectors in Sherrard Community Unit School District 200 are public administration (25%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.