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Affordable
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These days, finding an affordable place to live in the Thayer area can be challenging. Home prices in Thayer are now at a median cost of $163,497, lower than the Illinois average of $300,242.
The average cost of rent is $944/mo in Thayer, primarily driven by the current value of real estate in the Thayer area. In Thayer, 14.90% of households rent, and 32.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Thayer is $7,970 per month. Households that rent pay about 11.85% of their income on rent here. Thayer’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Virden, IL: less expensive homes
- Auburn, IL: equally priced homes
- Divernon, IL: higher priced homes
- McVey, IL: higher priced homes
- Girard, IL: equally priced homes
- Glenarm, IL: higher priced homes
- Farmersville, IL: less expensive homes
- Thomasville, IL: less expensive homes
- Loami, IL: higher priced homes
- Nilwood, IL: equally priced homes
Cities with Similar Populations
- Cordova, NC: equally priced homes
- Stony Fork, NC: higher priced homes
- Stony Battery, VA: less expensive homes
- Steward, IL: higher priced homes
- St. John, TN: higher priced homes
- Springville, LA: equally priced homes
- Spanishburg, WV: less expensive homes
- Elrod, NC: less expensive homes
- Delray, WV: equally priced homes
- Darco, TX: higher priced homes
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