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Baileyville

Learn about the people, housing, costs and businesses in Baileyville, Illinois

Median Home$177,994
Median Rent$886/month
Population178
Leading IndustriesConstruction · Agriculture & Mining · Retail7% construction
Home Value Growth⬆⬆⬆+23.4% over 2 years
Young Adults24% of residents
Homeowners84% of occupied units
NotableTransit84/100 · excellent transit access
Baileyville
IL

Frequently Asked Questions

What are today's mortgage rates in Baileyville?

As of today, the 30-year fixed mortgage rate for Baileyville is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Baileyville?

The median home value in Baileyville is $178k. The median monthly rent is $886. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Baileyville?

Home values in Baileyville have increased 23.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Baileyville?

Based on a typical all-in ownership cost of $1,036/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Baileyville is $80k/year.

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What industries drive the economy in Baileyville?

The largest employment sectors in Baileyville are public administration (27%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.