Quick facts: Piper city, IL

Quick Facts

102.4
Cost of Living
above US average
729
Population
17.83
Crime Rate per 1000
below US average
$38,750
Median Income
below US average
$169,500
Median House Price
above US average
$1180.0
Average Rent
below US average
11%
Poverty Rate
above US average
3.2%
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 $38,750.

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Income Needed to Buy

βœ— Stretch
$53k/year
Based on $169,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $53k vs median $38,750
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Income Needed to Rent

⚠ Stretch
$51k/year
Based on $1180.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $51k vs median $38,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Piper city, IL

Piper City is a small village located in Ford County, Illinois, with a population of around 1,000 residents. Nestled in the heart of the Midwest, it embodies a classic small-town atmosphere characterized by its friendly community and tight-knit local culture. The village is primarily residential, featuring charming homes and quiet streets, making it an ideal spot for families and those looking for a peaceful lifestyle. Outdoor enthusiasts can enjoy the surrounding fields and scenic landscapes typical of rural Illinois, offering ample opportunities for activities like hiking, fishing, and picnicking. Piper City holds local events that foster community spirit and provide entertainment for residents, including seasonal festivals, parades, and fairs. The village is conveniently located near larger towns, providing access to additional amenities and services while maintaining a serene environment. Local schools serve the community, ensuring educational opportunities for families. Piper City’s combination of small-town charm, community engagement, and rural beauty makes it a unique and inviting place to live and visit.

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