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Niota

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

Median Home$156,000
Median Rent$792/month
Population105
Leading IndustriesConstruction · Agriculture & Mining · Public Administration15% construction
Home Value Growth⬆⬆+14.5% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners86% of occupied units
NotableAffordable Market$156k median home · lower cost than 72% of the country
Niota
IL

Frequently Asked Questions

What are today's mortgage rates in Niota?

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

The median home value in Niota is $156k. The median monthly rent is $792. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Niota?

Home values in Niota have increased 14.5% 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 Niota?

Based on a typical all-in ownership cost of $734/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Niota is $53k/year.

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What industries drive the economy in Niota?

The largest employment sectors in Niota are public administration (27%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.