The typical owner-occupied home in Yates City is worth about $97,100, 63% below the Illinois median of $263,300 and 71% below the national median of $332,700. Owners pay a median $2,270 a year in property taxes, about 2.34% of their home's value, higher than the Illinois rate of 2.01%. The median household earns $63,750 a year, so the median home costs 1.5 times the median income (3.2 times for Illinois). 85% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Yates City at a glance
| Yates City | Illinois | U.S. | |
|---|---|---|---|
| Median home value | $97,100 | $263,300 | $332,700 |
| Median property tax paid per year | $2,270 | $5,298 | $3,119 |
| Property tax as a share of value | 2.34% | 2.01% | 0.94% |
| Median household income | $63,750 | $83,390 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 49% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $975 | $1,987 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 20.6% | 21.0% |
| Median rent | $590 | $1,274 | $1,413 |
| Rent as a share of renters' income | 31.1% | 29.1% | 30.6% |
| Median year homes were built | 1953 | 1971 | 1980 |
| Vacant homes | 8.1% | 7.7% | 10.1% |
| Population | 500 | 12,694,798 | 334,922,499 |
What a typical home costs per month in Yates City
At this week's average 30-year rate of 7.11%, buying the median Yates City home of $97,100 with 20% down costs about $752 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $914, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,244 for the 20%-down payment. That payment is 14% of the median Yates City household income of $63,750; at that income and 20% down, the 28% guideline points to a home of about $192,000.
The median rent here is $590 a month, so owning the median home costs about $162 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,420 |
|---|---|
| Loan amount | $77,680 |
| Principal and interest | $523 |
| Property taxes (2.34% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $752 |
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| Down payment | $3,398 |
|---|---|
| Loan amount | $95,341 |
| Principal and interest | $641 |
| Property taxes (2.34% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $914 |
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Questions about home buying in Yates City
What is the median home value in Yates City?
About $97,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Yates City?
Homeowners pay a median $2,270 a year, which is about 2.34% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Yates City?
For the median home with 20% down at 7.11%, the payment is about $752 a month. Keeping that under 28% of gross income takes about $32,244 a year.
More about Yates City
- Mortgage Refinance in Yates City
- Debt Relief in Yates City
- Home Equity Loans in Yates City
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data