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Meyer

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

Median Home$151,700
Median Rent$903/month
Population19
Leading IndustriesManufacturing · Education · Wholesale Trade4% manufacturing
Home Value Growth⬆⬆⬆+21.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners88% of occupied units
NotableTransit81/100 · excellent transit access
Meyer
IL

Frequently Asked Questions

What are today's mortgage rates in Meyer?

As of today, the 30-year fixed mortgage rate for Meyer is approximately 7.032% (7.042% 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 Meyer?

The median home value in Meyer is $152k. The median monthly rent is $903. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Meyer?

Home values in Meyer have increased 21.6% 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 Meyer?

Based on a typical all-in ownership cost of $991/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Meyer is $72k/year.

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What industries drive the economy in Meyer?

The largest employment sectors in Meyer are public administration (17%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.