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Tri-City Community Unit School District 1

Learn about the people, housing, costs and businesses in Tri-City Community Unit School District 1, Illinois

Median Home$190,101
Median Rent$900/month
Population5,982
Leading IndustriesManufacturing · Professional Services · Construction1% manufacturing
Home Value Growth⬆⬆+14.9% over 2 years
Young Adults24% of residents
Homeowners84% of occupied units
NotableAffordable Market$190k median home · lower cost than 66% of the country
Tri-City Community Unit School District 1
IL

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Frequently Asked Questions

What are today's mortgage rates in Tri-City Community Unit School District 1?

As of today, the 30-year fixed mortgage rate for Tri-City Community Unit School District 1 is approximately 6.977% (6.986% 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 Tri-City Community Unit School District 1?

The median home value in Tri-City Community Unit School District 1 is $190k. The median monthly rent is $900. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tri-City Community Unit School District 1?

Home values in Tri-City Community Unit School District 1 have increased 14.9% 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 Tri-City Community Unit School District 1?

Based on a typical all-in ownership cost of $991/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tri-City Community Unit School District 1 is $79k/year.

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What industries drive the economy in Tri-City Community Unit School District 1?

The largest employment sectors in Tri-City Community Unit School District 1 are public administration (19%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.