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Standard

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

Median Home$170,100
Median Rent$1,088/month
Population125
Leading IndustriesPublic Administration · Professional Services · Construction31% public administration
Home Value Growth⬆⬆+13.6% over 2 years
Retirees27% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableHigh Incomes$98k/year · top 18% nationally
Standard City
IL

Frequently Asked Questions

What are today's mortgage rates in Standard?

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

The median home value in Standard is $170k. The median monthly rent is $1,088. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Standard?

Home values in Standard have increased 13.6% 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 Standard?

Based on a typical all-in ownership cost of $906/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Standard is $98k/year.

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What industries drive the economy in Standard?

The largest employment sectors in Standard are public administration (31%) and agriculture and mining (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.