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Weldon

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

Median Home$168,800
Median Rent$835/month
Population364
Leading IndustriesInformation & Media · Construction · Public Administration9% information & media
Home Value Growth+4.9% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners88% of occupied units
NotableTransit86/100 · excellent transit access
NotableVeteran Community11% of residents · top 9% nationally
Weldon
IL

Frequently Asked Questions

What are today's mortgage rates in Weldon?

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

The median home value in Weldon is $169k. The median monthly rent is $835. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Weldon?

Home values in Weldon have increased 4.9% 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 Weldon?

Based on a typical all-in ownership cost of $1,052/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Weldon is $77k/year.

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What industries drive the economy in Weldon?

The largest employment sectors in Weldon are public administration (28%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.