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Strawn

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

Median Home$118,900
Median Rent$732/month
Population94
Leading IndustriesInformation & Media · Construction · Agriculture & Mining14% information & media
Home Value Growth⬇⬇-20.7% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community15% of residents · top 2% nationally
NotableAffordable Market$119k median home · lower cost than 85% of the country
Strawn
IL

Frequently Asked Questions

What are today's mortgage rates in Strawn?

As of today, the 30-year fixed mortgage rate for Strawn 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.

View current rates for Strawn
What is the median home price in Strawn?

The median home value in Strawn is $119k. The median monthly rent is $732. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Strawn?

Home values in Strawn have decreased 20.7% over the past two years. Buyers may find more negotiating room in this market. 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 Strawn?

Based on a typical all-in ownership cost of $913/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 Strawn is $91k/year.

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What industries drive the economy in Strawn?

The largest employment sectors in Strawn are retail (16%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.