🏦 Mortgage Calculators Illinois

How Much House Can I Afford in Illinois?

Find out how much house you can afford in Illinois with 2.27% property tax. Uses 28/36 rule with Illinois-specific data.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Illinois Quick Facts

5.0% Income Tax Rate

2.27% Property Tax Rate

$72,205 Median Income

96.4 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Calculates home affordability in Illinois using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Illinois's effective property tax rate of 2.27% and average home insurance of $1,780/year. Median home price in Illinois: $255,000.

Key State Information

Illinois housing market: Median home price $255,000 | Property tax rate 2.27% | Avg home insurance $1,780/yr | Median household income $72,205. Home prices are moderate relative to income.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Zillow, Tax Foundation

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much house can I afford on the median income in Illinois?

With Illinois's median household income of $72,205 and a 10% down payment, you can typically afford a home priced around $252,718-$324,923 depending on debts and interest rates. The median home in Illinois costs $255,000.

What is the property tax rate in Illinois?

Illinois's effective property tax rate is 2.27%. On a $255,000 home, that's approximately $5,789/year or $482/month.