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Niantic

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

Median Home$139,800
Median Rent$826/month
Population601
Leading IndustriesTransportation · Retail · Information & Media6% transportation
Home Value Growth⬆⬆+16.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableHigh Incomes$86k/year · top 29% nationally
Niantic
IL

Frequently Asked Questions

What are today's mortgage rates in Niantic?

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

The median home value in Niantic is $140k. The median monthly rent is $826. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Niantic?

Home values in Niantic have increased 16.7% 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 Niantic?

Based on a typical all-in ownership cost of $896/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Niantic is $86k/year.

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What industries drive the economy in Niantic?

The largest employment sectors in Niantic are public administration (23%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.