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Danforth

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

Median Home$166,300
Median Rent$836/month
Population546
Leading IndustriesConstruction · Finance & Insurance · Agriculture & Mining7% construction
Home Value Growth⬆⬆+15.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners84% of occupied units
NotableTransit89/100 · excellent transit access
NotableAffordable Market$166k median home · lower cost than 67% of the country
Danforth
IL

Frequently Asked Questions

What are today's mortgage rates in Danforth?

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

The median home value in Danforth is $166k. The median monthly rent is $836. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Danforth?

Home values in Danforth have increased 15.2% 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 Danforth?

Based on a typical all-in ownership cost of $860/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Danforth is $67k/year.

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What industries drive the economy in Danforth?

The largest employment sectors in Danforth are public administration (26%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.