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Sun River Terrace

Learn about the people, housing, costs and businesses in Sun River Terrace, Illinois

Median Home$172,400
Median Rent$871/month
Population437
Leading IndustriesArts, Food & Hospitality · Professional Services · Healthcare13% arts, food & hospitality
Home Value Growth⬆⬆+14.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners67% of occupied units
NotableHighly Educated39% bachelor's · 18% graduate · top 1% nationally
NotableTransit82/100 · excellent transit access
Sun River Terrace
IL

Frequently Asked Questions

What are today's mortgage rates in Sun River Terrace?

As of today, the 30-year fixed mortgage rate for Sun River Terrace is approximately 6.610% (6.614% 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 Sun River Terrace?

The median home value in Sun River Terrace is $172k. The median monthly rent is $871. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sun River Terrace?

Home values in Sun River Terrace have increased 14.1% 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 Sun River Terrace?

Based on a typical all-in ownership cost of $929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sun River Terrace is $66k/year.

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What industries drive the economy in Sun River Terrace?

The largest employment sectors in Sun River Terrace are healthcare (16%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.