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Villa Grove Community Unit School District 302

Learn about the people, housing, costs and businesses in Villa Grove Community Unit School District 302, Illinois

Median Home$145,480
Median Rent$875/month
Population9,501
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare6% professional services
Home Value Growth⬆⬆+13.8% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners84% of occupied units
NotableHighly Educated29% bachelor's · 19% graduate · top 6% nationally
NotableAffordable Market$145k median home · lower cost than 86% of the country
Villa Grove Community Unit School District 302
IL

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Frequently Asked Questions

What are today's mortgage rates in Villa Grove Community Unit School District 302?

As of today, the 30-year fixed mortgage rate for Villa Grove Community Unit School District 302 is approximately 7.073% (7.087% 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 Villa Grove Community Unit School District 302
What is the median home price in Villa Grove Community Unit School District 302?

The median home value in Villa Grove Community Unit School District 302 is $145k. The median monthly rent is $875. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Villa Grove Community Unit School District 302?

Home values in Villa Grove Community Unit School District 302 have increased 13.8% 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 Villa Grove Community Unit School District 302?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Villa Grove Community Unit School District 302 is $76k/year.

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What industries drive the economy in Villa Grove Community Unit School District 302?

The largest employment sectors in Villa Grove Community Unit School District 302 are public administration (21%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.