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Yates

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

Median Home$117,800
Median Rent$810/month
Population585
Leading IndustriesConstruction · Agriculture & Mining · Public Administration10% construction
Home Value Growth+6.6% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
NotableAffordable Market$118k median home · lower cost than 85% of the country
Yates City
IL

Frequently Asked Questions

What are today's mortgage rates in Yates?

As of today, the 30-year fixed mortgage rate for Yates is approximately 7.335% (7.351% 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 Yates?

The median home value in Yates is $118k. The median monthly rent is $810. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Yates?

Home values in Yates have increased 6.6% 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 Yates?

Based on a typical all-in ownership cost of $818/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Yates is $71k/year.

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What industries drive the economy in Yates?

The largest employment sectors in Yates are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.