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South Deering

Learn about the people, housing, costs and businesses in South Deering, Illinois

Median Home$143,425
Median Rent$1,181/month
Population12,854
Leading IndustriesInformation & Media · Finance & Insurance12% information & media
Home Value Growth⬆⬆+12.7% over 2 years
Retirees22% of residentswell above average
Homeowners53% of occupied units
NotableAffordable Market$143k median home · lower cost than 97% of the country
South Deering
IL

Frequently Asked Questions

What are today's mortgage rates in South Deering?

As of today, the 30-year fixed mortgage rate for South Deering is approximately 7.258% (7.317% 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 South Deering?

The median home value in South Deering is $143k. The median monthly rent is $1,181. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Deering?

Home values in South Deering have increased 12.7% 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 South Deering?

Based on a typical all-in ownership cost of $1,054/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Deering is $50k/year.

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What industries drive the economy in South Deering?

The largest employment sectors in South Deering are public administration (26%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas