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Varna

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

Median Home$159,700
Median Rent$861/month
Population401
Leading IndustriesManufacturing · Retail · Information & Media3% manufacturing
Home Value Growth⬆⬆⬆+28.7% over 2 years
Retirees28% of residentswell above average
Homeowners80% of occupied units
NotableTransit81/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Varna
IL

Frequently Asked Questions

What are today's mortgage rates in Varna?

As of today, the 30-year fixed mortgage rate for Varna is approximately 6.994% (7.003% 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 Varna?

The median home value in Varna is $160k. The median monthly rent is $861. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Varna?

Home values in Varna have increased 28.7% 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 Varna?

Based on a typical all-in ownership cost of $848/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Varna is $74k/year.

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What industries drive the economy in Varna?

The largest employment sectors in Varna are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.