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Davis Junction

Learn about the people, housing, costs and businesses in Davis Junction, Illinois

Median Home$196,574
Median Rent$1,118/month
Population2,619
Leading IndustryWholesale Trade9% of local workforce
Home Value Growth⬆⬆+20.4% over 2 years
Retirees26% of residentsabove average nationally
Homeowners91% of occupied units
NotableHigh Incomes$98k/year · top 18% nationally
Davis Junction
IL

Frequently Asked Questions

What are today's mortgage rates in Davis Junction?

As of today, the 30-year fixed mortgage rate for Davis Junction is approximately 6.972% (6.983% 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 Davis Junction?

The median home value in Davis Junction is $197k. The median monthly rent is $1,118. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Davis Junction?

Home values in Davis Junction have increased 20.4% 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 Davis Junction?

Based on a typical all-in ownership cost of $1,276/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Davis Junction is $98k/year.

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What industries drive the economy in Davis Junction?

The largest employment sectors in Davis Junction are public administration (18%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.