Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Thomasboro

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

Median Home$151,000
Median Rent$813/month
Population992
Leading IndustriesEducation · Public Administration · Professional Services5% education
Home Value Growth+8.0% over 2 years
Retirees22% of residentsnear the national average
Homeowners82% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$151k median home · lower cost than 74% of the country
Thomasboro
IL

Frequently Asked Questions

What are today's mortgage rates in Thomasboro?

As of today, the 30-year fixed mortgage rate for Thomasboro is approximately 7.317% (7.333% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Thomasboro
What is the median home price in Thomasboro?

The median home value in Thomasboro is $151k. The median monthly rent is $813. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thomasboro?

Home values in Thomasboro have increased 8.0% over the past two years. This represents moderate growth. 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 Thomasboro?

Based on a typical all-in ownership cost of $878/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 Thomasboro is $82k/year.

Calculate your buying power
What industries drive the economy in Thomasboro?

The largest employment sectors in Thomasboro are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.