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Solon Mills

Learn about the people, housing, costs and businesses in Solon Mills, Illinois

Median Home$353,401
Median Rent$1,226/month
Population138
Leading IndustriesTransportation · Healthcare · Education4% transportation
Home Value Growth+9.2% over 2 years
Retirees22% of residentsnear the national average
Homeowners76% of occupied units
NotableAmenity Score71/100 · highly walkable area
NotableHigh Incomes$92k/year · top 22% nationally
Solon Mills
IL

Frequently Asked Questions

What are today's mortgage rates in Solon Mills?

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

The median home value in Solon Mills is $353k. The median monthly rent is $1,226. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Solon Mills?

Home values in Solon Mills have increased 9.2% 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 Solon Mills?

Based on a typical all-in ownership cost of $1,643/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Solon Mills is $92k/year.

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What industries drive the economy in Solon Mills?

The largest employment sectors in Solon Mills are public administration (17%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.