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Thornton

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

Median Home$156,000
Median Rent$1,105/month
Population2,139
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration16% information & media
Home Value Growth-3.4% over 2 years
Young Adults28% of residentsnear the national average
Homeowners85% of occupied units
NotableTransit96/100 · excellent transit access
NotableAmenity Score77/100 · highly walkable area
Thornton
IL

Frequently Asked Questions

What are today's mortgage rates in Thornton?

As of today, the 30-year fixed mortgage rate for Thornton is approximately 7.321% (7.337% 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 Thornton?

The median home value in Thornton is $156k. The median monthly rent is $1,105. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Thornton?

Home values in Thornton have decreased 3.4% over the past two years. Buyers may find more negotiating room in this market. 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 Thornton?

Based on a typical all-in ownership cost of $1,169/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Thornton is $53k/year.

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What industries drive the economy in Thornton?

The largest employment sectors in Thornton are public administration (29%) and information and media (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.