Quick facts: Woodstock, IL

Quick Facts

90.3
Cost of Living
below US average
25,665
Population
7.6
Crime Rate per 1000
below US average
$82,287
Median Income
above US average
$325,000
Median House Price
above US average
$1915.0
Average Rent
above US average
8%
Poverty Rate
below US average
5.7%
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 $82,287.

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Income Needed to Buy

βœ— Stretch
$102k/year
Based on $325,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $102k vs median $82,287
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1915.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($82,287) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Woodstock, IL

Woodstock, Illinois, is a charming city located approximately 50 miles northwest of Chicago. Known for its historic downtown area, Woodstock features beautiful Victorian architecture and a vibrant arts scene. The city is home to the iconic Woodstock Opera House, which hosts various performances and community events throughout the year. The city has a rich history, famously serving as the filming location for the movie "Groundhog Day," making it a popular destination for fans. Woodstock is also surrounded by natural beauty, offering numerous parks and outdoor activities, including hiking, fishing, and cycling. The nearby Moraine Hills State Park and the Fox River provide ample opportunities for recreation and exploration. Woodstock boasts a strong sense of community, with local events such as the Woodstock Farmers Market, the McHenry County Fair, and various festivals enriching the local culture. The city's schools and family-friendly environment make it an attractive place for residents. With easy access to Chicago via Metra train, Woodstock beautifully combines small-town charm with suburban convenience.

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