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Winthrop Harbor

Learn about the people, housing, costs and businesses in Winthrop Harbor, Illinois

Median Home$238,961
Median Rent$1,505/month
Population6,324
Leading IndustriesEducation · Transportation · Retail5% education
Home Value Growth⬆⬆+20.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners84% of occupied units
NotableTransit82/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Winthrop Harbor
IL

Frequently Asked Questions

What are today's mortgage rates in Winthrop Harbor?

As of today, the 30-year fixed mortgage rate for Winthrop Harbor is approximately 7.029% (7.039% 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 Winthrop Harbor?

The median home value in Winthrop Harbor is $239k. The median monthly rent is $1,505. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Winthrop Harbor?

Home values in Winthrop Harbor have increased 20.3% 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 Winthrop Harbor?

Based on a typical all-in ownership cost of $1,398/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Winthrop Harbor is $87k/year.

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What industries drive the economy in Winthrop Harbor?

The largest employment sectors in Winthrop Harbor are retail (22%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.