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Warsaw Community Unit School District 316

Learn about the people, housing, costs and businesses in Warsaw Community Unit School District 316, Illinois

Median Home$120,123
Median Rent$778/month
Population2,660
Leading IndustriesFinance & Insurance · Construction · Agriculture & Mining7% finance & insurance
Home Value Growth⬆⬆⬆+32.8% over 2 years
Retirees25% of residentsabove average nationally
Homeowners83% of occupied units
NotableAffordable Market$120k median home · lower cost than 93% of the country
NotableVeteran Community9% of residents · top 15% nationally
Warsaw Community Unit School District 316
IL

Explore Warsaw Community Unit School District 316

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Warsaw Community Unit School District 316?

As of today, the 30-year fixed mortgage rate for Warsaw Community Unit School District 316 is approximately 7.499% (7.519% 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 Warsaw Community Unit School District 316
What is the median home price in Warsaw Community Unit School District 316?

The median home value in Warsaw Community Unit School District 316 is $120k. The median monthly rent is $778. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Warsaw Community Unit School District 316?

Home values in Warsaw Community Unit School District 316 have increased 32.8% 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 Warsaw Community Unit School District 316?

Based on a typical all-in ownership cost of $658/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Warsaw Community Unit School District 316 is $71k/year.

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What industries drive the economy in Warsaw Community Unit School District 316?

The largest employment sectors in Warsaw Community Unit School District 316 are public administration (23%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.