Quick facts: Durand, IL

Quick Facts

102.4
Cost of Living
above US average
1,375
Population
5.09
Crime Rate per 1000
below US average
$59,970
Median Income
below US average
$255,000
Median House Price
above US average
$1800.0
Average Rent
above US average
7%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

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 $59,970.

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Income Needed to Buy

βœ— Stretch
$80k/year
Based on $255,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $80k vs median $59,970
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $59,970
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Durand, IL

Durand, Illinois, is a small village located in Winnebago County, in the northern part of the state. With a population of around 1,600 residents, it offers a quaint, close-knit community feel. Situated approximately 30 miles northwest of Rockford, Durand is surrounded by picturesque rural landscapes, making it an ideal spot for those who appreciate small-town charm. The village prides itself on its rich history, established in the mid-19th century, with several historic buildings that reflect its past. Durand offers various outdoor activities with nearby parks and natural areas, perfect for hiking and enjoying nature. The community hosts several events throughout the year, fostering a sense of belonging among its residents. Local amenities include small businesses, shops, and eateries that cater to the needs of the community. Durand is also known for its excellent school system, making it an attractive place for families. Overall, Durand, IL, combines a peaceful rural lifestyle with essential conveniences, making it a hidden gem in northern Illinois.

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