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Tremont Community Unit School District 702

Learn about the people, housing, costs and businesses in Tremont Community Unit School District 702, Illinois

Median Home$254,645
Median Rent$1,034/month
Population8,221
Leading IndustriesManufacturing · Wholesale Trade · Agriculture & Mining2% manufacturing
Home Value Growth+9.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners84% of occupied units
NotableHigh Incomes$95k/year · top 19% nationally
Tremont Community Unit School District 702
IL

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Frequently Asked Questions

What are today's mortgage rates in Tremont Community Unit School District 702?

As of today, the 30-year fixed mortgage rate for Tremont Community Unit School District 702 is approximately 6.899% (6.905% 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 Tremont Community Unit School District 702
What is the median home price in Tremont Community Unit School District 702?

The median home value in Tremont Community Unit School District 702 is $255k. The median monthly rent is $1,034. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tremont Community Unit School District 702?

Home values in Tremont Community Unit School District 702 have increased 9.8% over the past two years. This represents moderate growth. 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 Tremont Community Unit School District 702?

Based on a typical all-in ownership cost of $1,122/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tremont Community Unit School District 702 is $95k/year.

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What industries drive the economy in Tremont Community Unit School District 702?

The largest employment sectors in Tremont Community Unit School District 702 are public administration (25%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.