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Virgil

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

Median Home$349,900
Median Rent$1,579/month
Population295
Leading IndustriesWholesale Trade · Retail · Arts, Food & Hospitality17% wholesale trade
Home Value Growth⬆⬆+18.0% over 2 years
Young Adults20% of residents
Homeowners87% of occupied units
NotableHigh Incomes$132k/year · top 6% nationally
Virgil
IL

Frequently Asked Questions

What are today's mortgage rates in Virgil?

As of today, the 30-year fixed mortgage rate for Virgil 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 Virgil?

The median home value in Virgil is $350k. The median monthly rent is $1,579. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Virgil?

Home values in Virgil have increased 18.0% 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 Virgil?

Based on a typical all-in ownership cost of $1,886/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Virgil is $132k/year.

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What industries drive the economy in Virgil?

The largest employment sectors in Virgil are retail (18%) and wholesale trade (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.