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Cost of homeownership in Illinois

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$139,829
Avg property tax
$2,720
Homeownership rate
75.4%
1yr appreciation
6.1%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.DuPage County$361,700
  2. 2.Lake County$313,700
  3. 3.Cook County$293,700
  4. 4.Kane County$290,100
  5. 5.Kendall County$288,100
  6. 6.Will County$283,600
  7. 7.McHenry County$270,600
  8. 8.Monroe County$254,100
  9. 9.Grundy County$245,400
  10. 10.DeKalb County$218,600

Most affordable counties

  1. 1.Edwards County12.4%
  2. 2.Lawrence County12.5%
  3. 3.Greene County12.7%
  4. 4.Henderson County12.9%
  5. 5.Scott County12.9%
  6. 6.Gallatin County13.2%
  7. 7.Calhoun County13.2%
  8. 8.Saline County13.4%
  9. 9.Vermilion County13.5%
  10. 10.Richland County13.5%
Avg electricity
17.7¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,911

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in Illinois

Frequently asked questions

How much does it cost to own a home in Illinois?

Based on Census ACS, the state average home value in Illinois is $139,829, with median annual property tax around $2,720. Your actual cost depends on county and property.

What is the property tax in Illinois?

Property tax rates vary by county. Illinois's state average sits at roughly $2,720 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in Illinois?

FHFA House Price Index data shows Illinois appreciating 6.1% over the last year and 48.5% over the last five years.

Is homeownership high in Illinois?

Illinois's homeownership rate is 75.4% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.