Quick facts: Fairview heights, IL

Quick Facts

102.4
Cost of Living
above US average
16,324
Population
34.43
Crime Rate per 1000
above US average
$74,038
Median Income
below US average
$339,900
Median House Price
above US average
$1324.58
Average Rent
below US average
9%
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 $74,038.

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Income Needed to Buy

βœ— Stretch
$107k/year
Based on $339,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $107k vs median $74,038
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Income Needed to Rent

βœ“ Affordable
$57k/year
Based on $1324.58/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($74,038) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fairview heights, IL

Fairview Heights is a vibrant suburban city located in St. Clair County, Illinois, just across the Mississippi River from St. Louis, Missouri. With a population of around 16,000 residents, it offers a blend of residential neighborhoods, commercial developments, and recreational facilities. The city is conveniently situated near major highways, making it easily accessible for commuters and visitors alike. Fairview Heights is renowned for its shopping opportunities, particularly at the St. Clair Square mall, which features a variety of retail stores, restaurants, and entertainment options. The city also hosts several annual events that foster community spirit, such as the Fairview Heights Fall Fest. For those who enjoy outdoor activities, Fairview Heights has numerous parks and recreational areas, including the popular Moody Park and the Fairview Heights Community Park, which offer sports facilities, picnic areas, and walking trails. Overall, Fairview Heights represents a blend of suburban convenience and community-oriented living, making it an attractive place for families and individuals alike. Its proximity to St. Louis also provides easy access to a rich array of cultural, dining, and entertainment experiences.

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