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South Ilion

Learn about the people, housing, costs and businesses in South Ilion, New York

Median Home$83,600
Median Rent$767/month
Population116
Leading IndustriesPublic Administration · Transportation38% public administration
Home Value Growth⬆⬆+13.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners50% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAffordable Market$84k median home · lower cost than 96% of the country
South Ilion
NY

Frequently Asked Questions

What are today's mortgage rates in South Ilion?

As of today, the 30-year fixed mortgage rate for South Ilion is approximately 6.881% (6.917% 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 South Ilion?

The median home value in South Ilion is $84k. The median monthly rent is $767. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Ilion?

Home values in South Ilion have increased 13.7% 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 South Ilion?

Based on a typical all-in ownership cost of $789/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Ilion is $50k/year.

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What industries drive the economy in South Ilion?

The largest employment sectors in South Ilion are public administration (38%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.