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Swedona

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

Median Home$197,700
Median Rent$839/month
Population107
Leading IndustriesWholesale Trade · Transportation · Construction12% wholesale trade
Home Value Growth⬆⬆+20.9% over 2 years
Retirees23% of residentsslightly above average
Homeowners91% of occupied units
NotableTransit89/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Swedona
IL

Frequently Asked Questions

What are today's mortgage rates in Swedona?

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

The median home value in Swedona is $198k. The median monthly rent is $839. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Swedona?

Home values in Swedona have increased 20.9% 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 Swedona?

Based on a typical all-in ownership cost of $1,105/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Swedona is $91k/year.

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What industries drive the economy in Swedona?

The largest employment sectors in Swedona are public administration (24%) and wholesale trade (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.