Quick facts: Lindenwood, IL

Quick Facts

102.4
Cost of Living
above US average
327
Population
30.58
Crime Rate per 1000
above US average
$55,000
Median Income
below US average
$62,500
Median House Price
above US average
$1707
Average Rent
above US average
8%
Poverty Rate
below US average
4.0%
Unemployment Rate
below 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 $55,000.

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Income Needed to Buy

βœ“ Affordable
$20k/year
Based on $62,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $55,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lindenwood, IL

Lindenwood is a small village located in Ogle County, Illinois, with a population of just around 100 residents. Nestled in the northern part of the state, it offers a quiet, rural atmosphere that contrasts with urban life. The village is characterized by picturesque landscapes, farmland, and a close-knit community. Lindenwood is approximately 14 miles from the larger city of Rochelle, providing easy access to local amenities, shopping, and dining options. The nearby Kishwaukee River and surrounding parks offer opportunities for outdoor activities such as fishing, hiking, and picnicking. The village is served by the Oregon Community Unit School District, which provides education for its students. This area is perfect for those seeking a peaceful lifestyle while still being within reach of larger urban centers. Lindenwood’s charm lies in its tranquility and the strong sense of community among its residents, making it an ideal spot for those who appreciate a more laid-back way of life.

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