Quick facts: Prophetstown, IL

Quick Facts

102.4
Cost of Living
above US average
1,904
Population
1.05
Crime Rate per 1000
below US average
$65,250
Median Income
below US average
$199,000
Median House Price
above US average
$1707
Average Rent
above US average
10%
Poverty Rate
below US average
4.5%
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 $65,250.

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Income Needed to Buy

βœ“ Affordable
$62k/year
Based on $199,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,250) 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 $65,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Prophetstown, IL

Prophetstown, located in Whiteside County, Illinois, is a charming small town with a rich history and a tight-knit community. Founded in the mid-19th century, it was named after a nearby Native American prophet named Black Hawk. The town is known for its picturesque landscapes and welcoming atmosphere, making it an attractive place for families and retirees. One of the highlights of Prophetstown is its historic downtown, which features several well-preserved buildings and local businesses. The Prophetstown State Park, located nearby, offers recreational opportunities such as hiking, fishing, and camping, providing residents and visitors a chance to enjoy nature. Community events, including festivals and local gatherings, are a staple in Prophetstown, fostering a sense of belonging among its residents. The town also boasts good schools and a community-oriented approach, enhancing the overall quality of life. Overall, Prophetstown is a peaceful haven characterized by its friendly culture, beautiful surroundings, and a commitment to community spirit. Whether you're passing through or considering a new place to call home, Prophetstown offers a unique blend of history and hospitality.

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