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West Carroll Community Unit School District 314

Learn about the people, housing, costs and businesses in West Carroll Community Unit School District 314, Illinois

Median Home$125,360
Median Rent$936/month
Population9,034
Leading IndustriesFinance & Insurance · Information & Media · Retail10% finance & insurance
Home Value Growth⬆⬆+19.2% over 2 years
Retirees24% of residentsabove average nationally
Homeowners71% of occupied units
NotableVeteran Community10% of residents · top 9% nationally
West Carroll Community Unit School District 314
IL

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Frequently Asked Questions

What are today's mortgage rates in West Carroll Community Unit School District 314?

As of today, the 30-year fixed mortgage rate for West Carroll Community Unit School District 314 is approximately 7.375% (7.393% 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 West Carroll Community Unit School District 314?

The median home value in West Carroll Community Unit School District 314 is $125k. The median monthly rent is $936. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Carroll Community Unit School District 314?

Home values in West Carroll Community Unit School District 314 have increased 19.2% 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 West Carroll Community Unit School District 314?

Based on a typical all-in ownership cost of $871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Carroll Community Unit School District 314 is $59k/year.

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What industries drive the economy in West Carroll Community Unit School District 314?

The largest employment sectors in West Carroll Community Unit School District 314 are retail (25%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.