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Wedron

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

Median Home$243,153
Median Rent$1,188/month
Population137
Leading IndustriesManufacturing · Wholesale Trade · Retail2% manufacturing
Home Value Growth+8.8% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners87% of occupied units
NotableHigh Incomes$107k/year · top 13% nationally
Wedron
IL

Frequently Asked Questions

What are today's mortgage rates in Wedron?

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

The median home value in Wedron is $243k. The median monthly rent is $1,188. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wedron?

Home values in Wedron have increased 8.8% over the past two years. This represents moderate growth. 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 Wedron?

Based on a typical all-in ownership cost of $1,202/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wedron is $107k/year.

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What industries drive the economy in Wedron?

The largest employment sectors in Wedron are public administration (20%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.