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Spring Lake Community Consolidated School District 606

Learn about the people, housing, costs and businesses in Spring Lake Community Consolidated School District 606, Illinois

Median Home$160,500
Population630
Leading IndustriesHealthcare · Arts, Food & Hospitality · Education17% healthcare
Home Value Growth⬆⬆⬆+27.0% over 2 years
Young Adults33% of residentswell above average
Homeowners95% of occupied units
NotableHighly Educated30% bachelor's · 14% graduate · top 4% nationally
Spring Lake Community Consolidated School District 606
IL

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Frequently Asked Questions

What are today's mortgage rates in Spring Lake Community Consolidated School District 606?

As of today, the 30-year fixed mortgage rate for Spring Lake Community Consolidated School District 606 is approximately 7.327% (7.343% 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 Spring Lake Community Consolidated School District 606?

The median home value in Spring Lake Community Consolidated School District 606 is $161k. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spring Lake Community Consolidated School District 606?

Home values in Spring Lake Community Consolidated School District 606 have increased 27.0% 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 Spring Lake Community Consolidated School District 606?

Based on a typical all-in ownership cost of $1,060/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spring Lake Community Consolidated School District 606 is $89k/year.

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What industries drive the economy in Spring Lake Community Consolidated School District 606?

The largest employment sectors in Spring Lake Community Consolidated School District 606 are public administration (20%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.