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Dewey

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

Median Home$250,700
Median Rent$950/month
Population97
Leading IndustriesProfessional Services · Manufacturing · Construction4% professional services
Home Value Growth+6.2% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners92% of occupied units
NotableHigh Incomes$106k/year · top 14% nationally
NotableVeteran Community10% of residents · top 14% nationally
Dewey
IL

Frequently Asked Questions

What are today's mortgage rates in Dewey?

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

The median home value in Dewey is $251k. The median monthly rent is $950. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dewey?

Home values in Dewey have increased 6.2% over the past two years. This represents moderate growth. 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 Dewey?

Based on a typical all-in ownership cost of $1,218/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dewey is $106k/year.

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What industries drive the economy in Dewey?

The largest employment sectors in Dewey are public administration (26%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.