Illinois City, IL

Illinois City is a small town located in St. Clair County, Illinois. The population was 2,811 at the 2010 census. Illinois City is home to the Illinois City National Bank and Trust Company, which was founded in 1892. The bank is now a subsidiary of First Midwest Bancorp.

The city's economy is based on agriculture and manufacturing. Manufacturing includes food processing plants and metal fabricating facilities. The city also has a small retail sector that includes convenience stores, gas stations, and restaurants.

Real estate in Illinois City is dominated by single-family homes and duplexes/triplexes. There are also a few apartments available for rent but they are mostly occupied by college students or young professionals who want to be close to downtown businesses and amenities such as the bank and library.

The median price of a single-family home in Illinois City was $119,000 in May 2016 according to Zillow data; this figure has increased significantly over the past five years as more people have started moving into the city due to its proximity to major metropolitan areas (St Louis and Chicago) as well as its affordability relative to other nearby towns (e.g., Belleville).

Overall, real estate prices have been relatively stable over the past few years but there has been an uptick in interest rates which could lead to some downward pressure on prices going forward if buyers cannot get loans at current rates or if they need to pay higher interest rates than previously anticipated when purchasing a home.