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Wadsworth

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

Median Home$351,532
Median Rent$1,492/month
Population3,490
Leading IndustriesTransportation · Public Administration · Finance & Insurance10% transportation
Home Value Growth⬆⬆+16.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners92% of occupied units
NotableHigh Incomes$126k/year · top 7% nationally
Wadsworth
IL

Frequently Asked Questions

What are today's mortgage rates in Wadsworth?

As of today, the 30-year fixed mortgage rate for Wadsworth is approximately 6.907% (6.913% 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 Wadsworth?

The median home value in Wadsworth is $352k. The median monthly rent is $1,492. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wadsworth?

Home values in Wadsworth have increased 16.5% 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 Wadsworth?

Based on a typical all-in ownership cost of $1,812/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $78k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wadsworth is $126k/year.

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What industries drive the economy in Wadsworth?

The largest employment sectors in Wadsworth are public administration (42%) and transportation (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.