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Baylis

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

Median Home$99,100
Median Rent$655/month
Population159
Leading IndustriesConstruction · Agriculture & Mining · Transportation8% construction
Home Value Growth-3.2% over 2 years
Retirees21% of residentsnear the national average
Homeowners69% of occupied units
NotableAffordable Market$99k median home · lower cost than 92% of the country
NotableVeteran Community9% of residents · top 22% nationally
Baylis
IL

Frequently Asked Questions

What are today's mortgage rates in Baylis?

As of today, the 30-year fixed mortgage rate for Baylis 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 Baylis?

The median home value in Baylis is $99k. The median monthly rent is $655. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Baylis?

Home values in Baylis have decreased 3.2% over the past two years. Buyers may find more negotiating room in this market. 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 Baylis?

Based on a typical all-in ownership cost of $709/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Baylis is $53k/year.

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What industries drive the economy in Baylis?

The largest employment sectors in Baylis are public administration (24%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.