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Galatia

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

Median Home$115,200
Median Rent$879/month
Population805
Leading IndustriesManufacturing · Education · Agriculture & Mining6% manufacturing
Home Value Growth⬆⬆+14.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners80% of occupied units
Galatia
IL

Frequently Asked Questions

What are today's mortgage rates in Galatia?

As of today, the 30-year fixed mortgage rate for Galatia is approximately 7.020% (7.033% 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 Galatia?

The median home value in Galatia is $115k. The median monthly rent is $879. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Galatia?

Home values in Galatia have increased 14.7% 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 Galatia?

Based on a typical all-in ownership cost of $752/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Galatia is $61k/year.

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What industries drive the economy in Galatia?

The largest employment sectors in Galatia are public administration (24%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.