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Tuscola

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

Median Home$150,230
Median Rent$908/month
Population4,674
Leading IndustriesPublic Administration · Retail · Professional Services30% public administration
Home Value Growth⬆⬆⬆+23.0% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners74% of occupied units
Tuscola
IL

Frequently Asked Questions

What are today's mortgage rates in Tuscola?

As of today, the 30-year fixed mortgage rate for Tuscola is approximately 7.353% (7.370% 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 Tuscola?

The median home value in Tuscola is $150k. The median monthly rent is $908. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tuscola?

Home values in Tuscola have increased 23.0% 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 Tuscola?

Based on a typical all-in ownership cost of $969/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 Tuscola is $73k/year.

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What industries drive the economy in Tuscola?

The largest employment sectors in Tuscola are public administration (30%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.