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The Galena Territory

Learn about the people, housing, costs and businesses in The Galena Territory, Illinois

Median Home$345,225
Median Rent$1,196/month
Population1,571
Leading IndustriesEducation · Professional Services · Information & Media6% education
Home Value Growth⬆⬆+17.9% over 2 years
Retirees45% of residentstop 1% nationally
Homeowners93% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit86/100 · excellent transit access
The Galena Territory
IL

Explore The Galena Territory

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in The Galena Territory?

As of today, the 30-year fixed mortgage rate for The Galena Territory is approximately 6.922% (6.929% 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 The Galena Territory?

The median home value in The Galena Territory is $345k. The median monthly rent is $1,196. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in The Galena Territory?

Home values in The Galena Territory have increased 17.9% 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 The Galena Territory?

Based on a typical all-in ownership cost of $1,287/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in The Galena Territory is $107k/year.

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What industries drive the economy in The Galena Territory?

The largest employment sectors in The Galena Territory are public administration (16%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.