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Thayer

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

Median Home$152,700
Median Rent$982/month
Population611
Leading IndustryEducation2% of local workforce
Home Value Growth⬆⬆+14.8% over 2 years
Retirees31% of residentswell above average
Homeowners84% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Thayer
IL

Frequently Asked Questions

What are today's mortgage rates in Thayer?

As of today, the 30-year fixed mortgage rate for Thayer is approximately 6.866% (6.871% 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 Thayer?

The median home value in Thayer is $153k. The median monthly rent is $982. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thayer?

Home values in Thayer have increased 14.8% 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 Thayer?

Based on a typical all-in ownership cost of $898/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 Thayer is $82k/year.

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What industries drive the economy in Thayer?

The largest employment sectors in Thayer are public administration (24%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.