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Sycamore

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

Median Home$276,223
Median Rent$1,115/month
Population18,794
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Transportation27% public administration
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners72% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableHighly Educated26% bachelor's · 16% graduate · top 16% nationally
Sycamore
IL

Frequently Asked Questions

What are today's mortgage rates in Sycamore?

As of today, the 30-year fixed mortgage rate for Sycamore is approximately 6.981% (6.990% 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 Sycamore?

The median home value in Sycamore is $276k. The median monthly rent is $1,115. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sycamore?

Home values in Sycamore have increased 16.8% 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 Sycamore?

Based on a typical all-in ownership cost of $1,468/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sycamore is $88k/year.

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What industries drive the economy in Sycamore?

The largest employment sectors in Sycamore are public administration (27%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.