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Viola

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

Median Home$123,500
Median Rent$755/month
Population880
Leading IndustriesRetail · Wholesale Trade · Transportation16% retail
Home Value Growth⬆⬆⬆+28.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners91% of occupied units
NotableAffordable Market$124k median home · lower cost than 83% of the country
Viola
IL

Frequently Asked Questions

What are today's mortgage rates in Viola?

As of today, the 30-year fixed mortgage rate for Viola is approximately 7.418% (7.436% 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 Viola?

The median home value in Viola is $124k. The median monthly rent is $755. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Viola?

Home values in Viola have increased 28.6% 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 Viola?

Based on a typical all-in ownership cost of $900/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Viola is $74k/year.

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What industries drive the economy in Viola?

The largest employment sectors in Viola are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.