Quick facts: Creston, IL

Quick Facts

102.4
Cost of Living
above US average
620
Population
Crime rate Data is updating, will be available soon
$69,762
Median Income
below US average
$498,000
Median House Price
above US average
$1250.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $69,762.

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Income Needed to Buy

βœ— Stretch
$156k/year
Based on $498,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $156k vs median $69,762
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Income Needed to Rent

βœ“ Affordable
$54k/year
Based on $1250.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($69,762) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Creston, IL

Creston, located in DeKalb County, Illinois, is a small, charming village with a rich agricultural heritage. Situated approximately 70 miles west of Chicago, Creston boasts a close-knit community with a population of around 500 residents. The village is known for its serene rural atmosphere, offering a slower pace of life compared to urban areas. Creston is primarily a residential area, with a variety of single-family homes and open green spaces. The local economy is largely driven by agriculture, and residents often engage in farming and related activities. The village also provides basic amenities and services, including a small convenience store and community facilities. Outdoor enthusiasts can enjoy the surrounding natural beauty, as Creston is conveniently located near several parks and recreational areas. The location allows for easy access to larger cities like DeKalb and Sycamore, where residents can find additional shopping, dining, and cultural activities. Overall, Creston represents a peaceful retreat with strong community ties, making it an ideal spot for those seeking a quaint rural lifestyle.

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