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Tolono Community Unit School District 7

Learn about the people, housing, costs and businesses in Tolono Community Unit School District 7, Illinois

Median Home$223,354
Median Rent$1,041/month
Population9,826
Leading IndustriesPublic Administration · Construction · Agriculture & Mining30% public administration
Home Value Growth⬆⬆+18.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners79% of occupied units
NotableHigh Incomes$90k/year · top 25% nationally
Tolono Community Unit School District 7
IL

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Frequently Asked Questions

What are today's mortgage rates in Tolono Community Unit School District 7?

As of today, the 30-year fixed mortgage rate for Tolono Community Unit School District 7 is approximately 7.008% (7.017% 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 Tolono Community Unit School District 7
What is the median home price in Tolono Community Unit School District 7?

The median home value in Tolono Community Unit School District 7 is $223k. The median monthly rent is $1,041. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tolono Community Unit School District 7?

Home values in Tolono Community Unit School District 7 have increased 18.6% 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 Tolono Community Unit School District 7?

Based on a typical all-in ownership cost of $1,087/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 Tolono Community Unit School District 7 is $90k/year.

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What industries drive the economy in Tolono Community Unit School District 7?

The largest employment sectors in Tolono Community Unit School District 7 are public administration (30%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.