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Venice

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

Median Home$54,000
Median Rent$1,015/month
Population1,636
Leading IndustriesFinance & Insurance · Information & Media · Public Administration21% finance & insurance
Home Value Growth⬆⬆+14.3% over 2 years
Young Adults37% of residentstop 4% nationally
Renters68% of occupied units
Venice
IL

Frequently Asked Questions

What are today's mortgage rates in Venice?

As of today, the 30-year fixed mortgage rate for Venice is approximately 7.625% (7.774% 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 Venice?

The median home value in Venice is $54k. The median monthly rent is $1,015. Annual property taxes average $933. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Venice?

Home values in Venice have increased 14.3% 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 Venice?

Based on a typical all-in ownership cost of $775/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Venice is $32k/year.

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What industries drive the economy in Venice?

The largest employment sectors in Venice are public administration (28%) and information and media (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.