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Godley

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

Median Home$176,568
Median Rent$1,079/month
Population640
Leading IndustryWholesale Trade13% of local workforce
Home Value Growth⬆⬆⬆+22.6% over 2 years
Young Adults49% of residentstop 1% nationally
Homeowners88% of occupied units
NotableVeteran Community22% of residents · top 1% nationally
Godley
IL

Frequently Asked Questions

What are today's mortgage rates in Godley?

As of today, the 30-year fixed mortgage rate for Godley is approximately 7.008% (7.017% 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 Godley?

The median home value in Godley is $177k. The median monthly rent is $1,079. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Godley?

Home values in Godley have increased 22.6% 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 Godley?

Based on a typical all-in ownership cost of $1,211/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 Godley is $81k/year.

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What industries drive the economy in Godley?

The largest employment sectors in Godley are public administration (17%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.