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Volo

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

Median Home$317,969
Median Rent$2,067/month
Population6,466
Leading IndustriesArts, Food & Hospitality · Education · Retail11% arts, food & hospitality
Home Value Growth⬆⬆⬆+27.4% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners84% of occupied units
NotableHighly Educated35% bachelor's · 16% graduate · top 3% nationally
NotableHigh Incomes$150k/year · top 4% nationally
Volo
IL

Frequently Asked Questions

What are today's mortgage rates in Volo?

As of today, the 30-year fixed mortgage rate for Volo is approximately 6.963% (6.971% 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 Volo?

The median home value in Volo is $318k. The median monthly rent is $2,067. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Volo?

Home values in Volo have increased 27.4% 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 Volo?

Based on a typical all-in ownership cost of $2,198/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $94k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Volo is $150k/year.

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What industries drive the economy in Volo?

The largest employment sectors in Volo are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.